Algeria Allows First Islamic Finance Products by State Banks
Algeria said on Sunday it had given the go-ahead to a plan aimed at offering Islamic finance services, as it seeks new funding sources...
Road Construction: Fashola Receives N162b Sukuk Fund
Babatunde Fashola, Minister of Works and Housing, has received a sovereign Sukuk Symbolic Cheque of N162.557 billion for the construction of roads across the...
Nedbank Accounts for Green Bonds Launched in South Africa
An innovative SDG-linked instrument, listed on the Green Bonds segment of the JSE, has set a record as South Africa’s first ‘green’ tier 2...
AfDB Concludes R2bn Investment in Nedbank SDG-linked Bonds
Finance institution, the African Development Bank (ADB) group, has concluded the investment of R2-billion in sustainable development goals-linked bonds (SDG bonds) issued by banking...
South Africa’s Public Utility Eskom Working on Rand-Denominated Sukuk
Eskom Holdings, the South African public utility company, is seeking a legal advisor for a rand-denominated sukuk, according to a document issued by the...
Islamic Trade Finance Corporation Signs Afreximbank US$200M For COVID-19 Response
The International Islamic Trade Finance Corporation (ITFC) member of the Islamic Development Bank (IsDB) Group signed a US$200 million syndicated Murabaha financing agreement with...