CBJ issues third round of Sukuk for NEPCO

By JT - Aug 26,2018 - Last updated at Aug 26,2018

AMMAN — The Central Bank of Jordan (CBJ) on Sunday announced the third issuance of Sukuk (Sharia compliant bonds) for the National Electric Power Company (NEPCO).

The total value of the offered Sukuk stands at JD150 million with a return (Murabaha Rate) of 5.47 per cent per year and a tenor of five years, the CBJ said on its website.

The third round is part of an effort by the CBJ, the Finance Ministry and the Jordan Securities Commission to develop the Sukuk market in the Kingdom and to provide new investment channels for those who seek financial tools that conform to Islamic law, the Jordan News Agency, Petra, reported.

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