islamic finance
KCB floats first Islamic bond worth $4.4 million in Tanzania
November 11, 2022
KCB Bank Tanzania has floated its first Islamic bond worth Tsh10 billion ($4.4 million) to fund its Sahl banking asset portfolio. The Sharia-compliant...... Continue Reading >
Islamic banking in Africa to gain foothold over next decade despite regulatory challenges: Moody’s
September 23, 2022
Islamic banking assets in Africa are expected to increase noticeably over the next 10 years, given the continent’s large Muslim populations,...... Continue Reading >
Long-term sukuk remains well placed to face global headwinds, says Franklin Templeton CIO
March 15, 2022
RIYADH: An important financial instrument in Islamic and non-Islamic countries alike, the sukuk market has been marginally affected by global uncertainty...... Continue Reading >
AD Ports Group and Aqaba Development CorporationSign Multiple Agreements for Development of Tourism, Transport, Logistics and Digital Infrastructure
December 19, 2021
AD Ports Group, a leading facilitator of trade and logistics, has strengthened its regional footprint by signing a number of four strategic agreements...... Continue Reading >
Technical committee assigned to assess IDB project in West Darfur
November 21, 2021
Khartoum, Nov.18 (SUNA)-The technical committee assigned by the Ministry Finance and Economic Planning, chaired by spokesman of the ministry Ahmed...... Continue Reading >
Finance Minister Lauds Support Provided by Islamic Development Bank
September 5, 2021
Khartoum, Sep. 4 (SUNA) – The Minister of Finance and Economic Planning, Dr. Jibril Ibrahim, has praised the great of the Islamic Development...... Continue Reading >
Sudan Debts Discussed on Sidelines of Meetings of Islamic Development Bank
September 5, 2021
Tashkent, Sep. 4 (SUNA) – The Minister of Finance and Economic Planning, Dr. Jibril Ibrahim, has discussed with a group of creditors, on the...... Continue Reading >
Lack of regulatory milieu hinders Islamic finance growth in North Africa
May 19, 2021
While there has been some progress over the past decade, the contribution of Islamic finance to North African economies remains small due to a lack...... Continue Reading >
Faisal Islamic Bank Becomes First Indigenous Sudanese Bank to Obtain a Mastercard License
February 15, 2021
Faisal Islamic Bank (FIB) in collaboration with Network International, an enabler of digital commerce across Africa and the Middle East, has become...... Continue Reading >
Africa's vast funding needs to drive Islamic finance industry's growth, Moody's says
November 5, 2020
Africa’s vast financing needs and growing interest of sovereigns in Sharia-compliant debt to bridge funding gaps will help drive the Islamic...... Continue Reading >
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