JICA honours gov't for issuing sukuk

AMMAN — President of the Japan International Cooperation Agency (JICA) Shinichi Kitaoka has presented the government with the agency's award for the Kingdom's success in the first issue of Islamic bonds (sukuk), the Jordan News Agency, Petra, reported on Monday.

The award was given to Jordan in recognition of the "excellence" in the issuance of the first local sovereign sukuk, that was released in August, 2016. JICA's yearly award honours programmes or achievements that are supported by the agency.

The Kingdom "deserved" the award after subscription rates "exceeded expectations". Finance Minister Omar Malhas, Central Bank of Jordan Governor Ziad Fariz and Abdul Salam Abbadi, head of the central Sharia monitoring commission, received the award and medals.