Al-Zayyoud: Trust Deeds Save 14M Dinars Annually
Amman Municipality announced the issuance of Islamic bonds worth 400 million dinars, aimed at rescheduling its debt and reducing borrowing costs. It is expected to achieve savings of up to 14 million dinars annually in the initial phase. These bonds serve as an alternative to commercial loans, which carry an interest rate of 8.25%, while the bonds’ returns range between 5% and 5.5%. Additionally, plans are underway to issue an additional 300 million dinars in 2027 and 2028 to enhance the financial sustainability of projects and services provided to citizens.
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