Malaysia-based International Islamic Liquidity Management Corp (IILM) will expand its Islamic bond programme by $370 million to $860 million next week, increasing its issuance of short-term sukuk for the first time since its launch last year. The IILM, a consortium of central banks from Asia, the Middle East and Africa, […]
Tag: Islamic Bond
Osun state selling Nigeria’s first Islamic bond -bankers
Nigeria’s Osun State has begun offering the country’s first Islamic bond, taking a major step towards developing an Islamic finance industry in Africa’s most populous nation, bankers said on Thursday. The issue makes Nigeria the first big economy in sub-Saharan Africa to market a sukuk, although Gambia has been selling […]
Nigeria approves rules for firms to issue Islamic bonds
Nigeria has approved new rules allowing companies to issue Islamic bonds this week, a move aimed at attracting Middle Eastern investors, the head of the country’s Securities and Exchange Commission (SEC) told Reuters on Friday. Nigeria, home to the largest Muslim population in sub-Saharan Africa, is trying to establish itself […]
