However, the Cabinet stipulated that the Al-Rajhi should "coordinate" this move with legal bodies in the Hashemite kingdom, including the Fatwa Department, and should buy the sukuk from Jordanian banks.

Al-Rajhi, which owns a cement factory in Jordan, aspires to build two other factories in the kingdom for glass and steal in case it succeeded in ensuring the required circumstances for the issuance of sukuk to finance its operations.

Al-Rajhi has also reportedly asked the Jordanian government to approve a syndicated bank loan to be issued in accordance with Islamic teachings and for exempting issued sukuk of income and sales taxes.