Tuesday 12, November 2013 by Robin Amlôt

African Sukuk on the way...

In September, Nigeria’s Osun State launched the country’s first Sukuk. The seven-year NGN 10 billion ($62 million) Ijarah Sukuk, denominated in local currency, is a step forward for the development of Islamic finance in Africa and follows the establishment of a framework for Sukuk issuance in Nigeria earlier this year.

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