Al-Khalayla: Islamic Sukuk support liquidity investment
The article highlights the importance of Islamic bonds (sukuk) as a legitimate financing tool that contributes to investing liquidity and developing projects in Jordan. The Kingdom has had clear regulatory legislation since the 1980s and is among the first countries to adopt a legal framework for Islamic finance. The Minister of Awqaf confirmed that sukuk allow Islamic banks' funds to be directed toward economic activities without riba-based interest, citing the example of Amman Municipality's issuance of Ijara sukuk (lease sukuk with ownership transfer) for land projects. He also expected that expanding their use would boost economic growth and maximize the benefits of available liquidity. Additionally, he pointed out that the global sukuk market is experiencing significant growth and encouraged further expansion of sukuk to finance institutions and projects within Shariah-compliant standards.
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