# Amman municipality plans a 400 million dinar sukuk issue

> Jordan’s cabinet approved the municipality’s first sukuk, with savings projected over an initial five-year term.

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- Publisher: Newsverum
- Section: Fiscal Policy
- Country: Jordan
- Published: 2026-10-11T19:07:54+00:00
- Updated: 2026-10-11T19:07:54+00:00
- Event / data period: 2026-10-11
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Jordan’s cabinet approved on October 11 a 400 million Jordanian dinar sukuk issue by the Greater Amman Municipality, using a lease-to-own structure. The planned instrument carries an annual return of 5.5% and an initial five-year term. It has not yet been issued.

The municipality projects financing-cost savings of about 70 million dinars over the first five years. If the term is extended by another five years, the same assumptions imply potential savings of 140 million dinars in total. The Central Bank of Jordan will manage the issue; a prospectus and final terms are still expected.

## Data

### Sukuk financing plan

Approved issue terms and projected savings reported by the municipality.

Methodology: Terms come from the municipality statement carried by Petra. Savings are projections, not realized post-issuance results.

| label | value | unit | period | basis | value_qualifier |
|---|---|---|---|---|---|
| Planned sukuk issue size | 400000000 | JOD | 2026-10-11 | target |  |
| Annual return rate | 5.5 | percent per annum | 2026-10-11 | target |  |
| Projected savings over the initial five years | 70000000 | JOD | 2026-10-11 | forecast | approximate |
| Projected total savings if the term is extended by five years | 140000000 | JOD | 2026-10-11 | forecast |  |

Sources: <https://petra.gov.jo/en/news/cabinet-approves-jd400-million-islamic-sukuk-for-greater-amman-municipality-expected-to-save-up-to-jd140-million%C2%A0> · Download data: [JSON](https://newsverum.com/api/v1/articles/jordan-greater-amman-municipal-sukuk-400-million-2026/data/sukuk-financing-plan?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/jordan-greater-amman-municipal-sukuk-400-million-2026/data/sukuk-financing-plan?lang=en&format=csv)

## Sources

- [Jordan News Agency (Petra)](<https://petra.gov.jo/en/news/cabinet-approves-jd400-million-islamic-sukuk-for-greater-amman-municipality-expected-to-save-up-to-jd140-million%C2%A0>) (Source checked: 2026-10-11; Published: 2026-10-11)

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