Africa

Africa

Stockbrokers Unfold Benefits of Sukuk as Profitable Investment

As part of its Investor Education Programme, the Chartered Institute of Stockbrokers (CIS) has identified the benefits of investment in Federal Government’s bond called...

How Leveraging The Waqf Institution Supports Economic Growth

The Waqf Institution has been described as a critical social platform that could support the growth of the Nigerian economy, at a time it...

Nigeria Commences Sukuk Bond to Develop Road Infrastructure

The Nigerian government, through the Debt Management Office, has commenced the third tranche sale of US$390mn seven-year Islamic Sukuk bond offer, an Islamic financial...

Global Finance Names Ecobank Most Innovative Bank in Africa

Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global Finance annual awards, the...

TAJBank Announces N150b Fed Govt Sukuk Bond Issuance

TAJBank, a non–Interest financial institution, has announced a N150 billion Sukuk Bond of the Federal Government. The founder/Chief Operating Officer TAJBank, Hamid Joda, said: “We...

Zamzam Bank of Ethiopia Sold Over $18 Million Shares

Zamzam Bank S.C., one of the Islamic banks under formation in Ethiopia has sold shares with a total value of 623,694,000 birr (about $18.34...