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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 >

Top News

December 19, 2021
Health official: Sudanese citizens fund 79% of Ministry’s activities
December 16, 2021
Sudanese company arrives Wau to rehabilitate railway line
December 12, 2021
400 youths join vocational skills training program in Khartoum
October 13, 2021
Finance Ministry issues new decisions on expatriate cars
October 11, 2021
Sudan launches massive livestock vaccination campaign


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