Regulatory Alerts2015-08-13
Instructions on Listing Islamic Finance Sukuk in the Amman Stock Exchange
The Jordan Securities Commission issued these instructions to standardize the listing of Islamic finance Sukuk on the Amman Stock Exchange. Issuers must register and deposit their instruments, execute a listing agreement, and submit detailed financial statements, prospectuses, and Sharia-compliant project assessments. The framework mandates continuous reporting, specifies conditions for trading suspension and delisting, and authorizes the Board of Directors to enforce compliance through warnings, fines, or listing cancellation.
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