Islamic Finance |

Islamic Finance in Africa: A Promising Future — ICD

JEDDAH, Kingdom of Saudi Arabia, Capital Markets in Africa — A newly-released report “Islamic Finance in Africa: A Promising Future” by the Islamic Corporation for the Development of the Private Sector (ICD) takes an in-depth look at the tremendous growth opportunities for Islamic finance to flourish in the region. The new report was released during the Africa Islamic Finance Forum 2015 in Abidjan. The report is being published as the global banking community comes together…

IFC Launches $100 million Sukuk to Support Private Sector Development

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — IFC, a member of the World Bank Group, announced today that it issued a $100 million trust certificates through a special purpose vehicle, IFC Sukuk Company, in an effort to spur growth in developing economies. The five-year Sukuk will support IFC’s developmental financing activities in the Middle East and North Africa (MENA), and other parts of the world. It will initially be listed on NASDAQ Dubai. An…

Africa Witnesses the Largest International Islamic Economic Gathering Next Week

Posted on by The Editorial Team

MAPUTO, Mozambique (Capital Markets in Africa) — Dr Ahmad Mohamed Ali, President of the Islamic Development Bank Group, has stated that preparations are in full swing at the IDB Group for its annual meeting, which is scheduled to take place this year, Allah willing, in Maputo, Republic of Mozambique at the kind invitation of the Government of Mozambique. This is the first time the meeting of the IDB Board of Governors is taking place in the…

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