JEDDAH — Jordan closed its inaugural local currency Sukuk on Monday and the debut sovereign issuance was more than three-times oversubscribed. The amortized Ijarah-based Sukuk has a tenor of five years and expected profit rate of 3.01%.
The landmark sovereign issuance marks a majo
16 April 2015: The Ministry of Finance of the Hashemite Kingdom of Jordan signed an advisory agreement with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of IDB Group. The Ministry has mandated ICD as a Transactio
Aqaba, August 18, 2014
Aqaba Special Economic Zone Authority, Nouadhibou free zone Authority and the Islamic Corporation for Development of the Private Sector (ICD), member of the Islamic Development Bank group, signed a tripartite memorandum of understanding for joint cooperation to estab