Archives for Islamic Finance - Page 2
Nigeria to Appoint Fund Manager for US$37bn Infrastructure Fund
Earlier this month, President Muhammadu Buhari approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial seed capital of N1tn expected to grow to N15tn…
Al Baraka Islamic Bank net profits rise
Al Baraka Islamic Bank (AIB) reported a net profit attributable to the shareholders of million ($ million) in the fourth quarter of 2020 compared to BD196,000 reported in the fourth…
Use banking ‘windows’ to kick-start Islamic finance in Ghana – Researcher
Islamic finance enthusiasts in Ghana have been urged to explore ways of kick starting operations in the short term as efforts to achieve a fully fledged Islamic banking and finance…
OIC Approves Assistance For Projects In Jordan, Gabon, Nigeria, Ghana, Senegal And Somalia
Secretary-General of the Organization of Islamic Cooperation (OIC), Dr. Yousef A. Al-Othaimeen, has approved new financial assistance for social, development, educational and cultural projects in a number of OIC Member…
ICD to launch Islamic window at Uzbekistan’s Turonbank
CEO of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDBG), and Chori Sadibakosovich Mirzaev, chairman of…
Tunisia to issue first $111mln sukuk with bonds up to $3bln this year
Tunisia plans to issue its first Sukuk by July 2021. According to Finance Minister Ali Kooli, this Islamic financing facility will make it possible to mobilize up to TND300 million…
Islamic Finance Can Support Nigeria’s Economic Stabilization Through Capital Flows – Ifeoluwa Dixon
As Nigeria seeks to attract capital inflows to stabilize its economy in 2021, Islamic Finance has been seen as a strategic source for mobilizing funds to broaden financial markets and…
Islamic finance corporation inks private sector MoU with Uzbekistan’s SQB Securities
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB), has inked a memorandum of understanding (MoU) with Uzbekistan`s…
Islamic Financing in Kazakhstan Supports Small and Medium Enterprises
The global Islamic financial market is growing and has reached US$ trillion at the beginning of 2019, expanding by 5 percent over the year, according to the S&P Global Ratings…
Islamic Development Bank President to Asharq Al-Awsat: Saudi Arabia Offers Unlimited Support to Bank Group
Dr. Bandar Hajjar, President of the Islamic Development Bank (IsDB), underlined Saudi Arabia’s unlimited support for the bank’s structural transformation that made it an integrated group, which comes in line…