Amman, Sept. 29 (Petra) -- The Specialized Islamic Finance Company (SIFC), a subsidiary of the Specialized Leasing Company (SLC) and a member of the Housing Bank Group, announced it has obtained approval from the Jordan Securities Commission (JSC) to issue Islamic financing sukuk with a nominal value of JD10,000 per sukuk and a total value of JD10 million, registered and offered for public subscription under the absolute Mudaraba structure.

The Commission's approval of the issuance reflects the company's ability to meet regulatory requirements for issuing Islamic financing instruments, given the solid institutional foundations on which it builds its presence, and signals confidence in the strength of its trajectory and readiness to continue growing in the market.

The move translates the company's approach toward gradual, studied growth and represents a practical application of its strategy to diversify funding sources, enabling it to continue deploying its resources for efficient market investment in line with its growth plans under a balanced and sustainable approach.

The step holds particular significance within the company's trajectory as a transition to a new phase of business development, contributing to its ability to offer Islamic financing solutions and products that meet client needs, including financing for vehicles, real estate, goods, commodities, equipment, and other Sharia-compliant financing products.

Through the sukuk it will issue and offer for subscription, the company will provide a Sharia-compliant investment instrument with an expected return of 6% over a three-year term, with profit distributions every three months, allowing investors to benefit from periodic distributions throughout the sukuk's duration. The subscription period began Monday, Sept. 28, 2026, and ends Sunday evening, Oct. 11, 2026.

The Specialized Islamic Finance Company began operations earlier this year with a capital of JD30 million, with tools and solutions that combine innovation and digitization to serve various client segments, under an approach based on transparency and service efficiency and keeping pace with developments in financial and banking markets, contributing to expanding access to Islamic financing services and supporting economic growth.

//Petra// AF