A consortium of central banks from Asia, the Middle East and Africa has taken a first step towards developing a cross-border market in Islamic financial instruments by issuing a $490 million sukuk. The three-month Islamic bonds, denominated in U.S. dollars, were issued by the Malaysia-based International Islamic Liquidity Management Corp […]
Tag: SUKUK
New rules, products lay groundwork for Nigeria Islamic finance sector
* Largely untapped market of over 80 million Muslims * Use of Islamic banking windows set to increase * Much of regulatory framework now established * First sukuk may come soon * Short-term liquidity management products under development Nigeria is gradually opening up to Islamic finance, a move that could […]
IMF Rally Support Arab World on Islamic Banking, Sukuk Market
By Peter OBIORA InvestAdcocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) has rallied support the Arab World on Islamic Banking by orgnanising a Regional Workshop on building an enabling environment for Islamic Banking and development of the Government Sukuk Market. This is contained a Statement Thursday from the IMF and made […]
