Africa

Africa

Islamic Development Bank to Lend Tunisia $280 Mln to Tackle Covid-19

The Jeddah-based Islamic Development Bank (ISDB) plans to lend Tunisia $280 million to tackle the coronavirus crisis, a government source told Reuters on Thursday,...

Algeria Pushes Ahead with Islamic Finance Plans

Algeria, under pressure to find new sources of finance, set up a religious body in charge of Islamic finance on Tuesday in a final...

West Africa: WAMU Releases Handbook for Green Bond Issues

The Regional Council for Public Savings and Financial Markets (CREPMF), an organ of the West African Monetary Union (WAMU), has just made available to...

Zakat Distribution as a Stabilizer During COVID-19 Pandemic

Dr. Aliyu Dahiru Muhammad, Deputy Director, Training & Linkages, International Institute of Islamic Banking and Finance, Bayero University Kano discussed with WebTV on ways...

BOFIA Act Should Be Reviewed to Enhance Islamic Banking in Nigeria

The Banking and Other Financial Institutions Act (BOFIA) should be reviewed to enhance Nigeria's Islamic banking industry. Mr. Abdul-Wahab Saadudeen the Imam of Ar...

AfDB’s Facility for Energy Inclusion Attracts $160m in Commitments for Small-Scale...

The African Development Bank, the European Commission, KfW, the Clean Technology Fund, Norfund, and other investors have committed nearly $160 million to the first...