March 14, 2016/SEC Total assets under management in the global Islamic finance industry had surpassed $2 trillion (N394 trillion) by the end of 2014 this is even as the global sukuk market continues to witness remarkable growth since after the 2008 global financial crisis as Annual issuances have grown from […]
Tag: SUKUK
Islamic finance body IILM to expand sukuk issuance to $860 million
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, […]
Osun State issues Nigeria’s debut sukuk at 14.75 pct -bankers
* Osun State issues Nigeria’s first sukuk -bankers * Nigeria tapping into growing demand for Islamic debt Nigeria’s Osun State has issued a 10 billion naira ($62 mln) sukuk yielding 14.75 percent, bankers said on Wednesday, the first Islamic bond from a major economy in sub-Saharan Africa. The cocoa-producing, southwestern […]
