Africa

Africa

Sombank Selects Temenos Cloud-Native Technology to Deliver Digital Islamic Banking Services...

Temenos (SIX: TEMN), the banking software company, today announced that SomBank, a privately owned Islamic bank in Somalia, has selected the Temenos Islamic Banking...

Kenya Urged to Expand Sharia Compliance Loans to Muslims

As coronavirus pandemic continues to disrupt businesses in the country, the Muslim community has been urged to take advantage of financial institutions offering low...

Oil Crash, Virus to Push Sukuk Issuance Up By 40%

Higher funding needs for responding to COVID-19 along with declining oil sales will lead to greater Sukuk issuance this year by the largest sovereign...

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...