Rule · CBJ · 20 Oct 2014

Circular Regarding International Murabaha Between Islamic Banks No. (12575/1/10) Dated 2014/10/20

islamic-finance

The Central Bank of Jordan exempts international Murabaha transactions in Jordanian Dinars between licensed Islamic banks operating in the Kingdom from the provisions of Circular No. (1686/1/10) dated 5/2/2014. This exemption is strictly limited to transactions used to avoid liquidity shortages or deficits. The exemption is effective from the date of the circular.

JordanCentral Bank of Jordan

In the Name of Allah, the Most Gracious, the Most Merciful

Central Bank of Jordan

No. 12575

Ref: 1/10
Date: 26/4/1435 AH
Corresponding to: 20/8/2014 AD

Circular to Licensed Islamic Banks

Greetings,

Subsequent to our Circular No. (1686/1/10) dated 5/2/2014, it has been decided to exempt international Murabaha transactions in Jordanian Dinars between Islamic banks operating in the Kingdom from the aforementioned Circular, provided that they are used exclusively to avoid liquidity shortages or deficits.

This shall be implemented from its date.

Please accept our highest respect,

Governor
Dr. Ziad Faris

Website: www.cbj.gov.jo • E-mail: info@cbj.gov.jo • Fax: 4638889, 4639730, 4639761 • Phone: 463-201 • P.O. Box 37, Amman 11118, Jordan (11/0/1/11) Copies

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Circular No. 1686/1/10 dated 2014-02-05Not in RegAlert
“Subsequent to our Circular No. (1686/1/10) dated 5/2/2014, it has been decided to exempt international Murabaha transactions in Jordanian Dinars between Islamic banks operating in the Kingdom from the aforementioned Circular”