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Slow but Steady Growth of Sukuk in Africa
Sukuk, the Islamic finance debt instrument worth around $800bn globally, is becoming part of some African countries’ finance-raising landscape. However, despite enormous benefits, especially in infrastructure finance, the pace has been relatively slow. Mushtak Parker explains why.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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ITFC, Asia Alliance Bank Ink $10 Million Deal to Boost Private Sector in Uzbekistan
According to a statement by ITFC, this line of funding will specifically address import and pre-export requirements for private sector clients, including SMEs, in Uzbekistan.
- Categories
- Investing
- Region
- Europe & Eurasia
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AEON Bank Set to Become Malaysia’s First Islamic Digital Bank
AEON Bank’s foray into digital banking aims to provide secure and efficient financial services to customers in Malaysia.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- fintech, Islamic finance, lending
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Islamic Development Bank and World Bank Partnering to Drive Impact
The partnership is expected to support joint operations that could involve up to $6 billion in financing through 2026.
- Categories
- Investing
- Region
- Global
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Malaysia’s reNIKOLA Seeks up to $438 Million for Renewable Energy Projects
Uptake of renewable power is rising quickly in South and Southeast Asia as their booming economies grapple with power cuts due to a weak power grid and climate change.
- Categories
- Energy, Technology
- Region
- South Asia
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Islamic Bank Approves $1.8 Billion to Finance Nigerian Projects
The Islamic Development Bank has sanctioned $1.8bn to finance several key projects in Nigeria.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Indonesia issues world’s first blockchain sukuk
Indonesian Islamic microfinance cooperative BMT Bina Ummah has raised 710 million rupiah ($50,000) through the world's first primary sukuk issuance on a public blockchain and also the world's first micro sukuk.
- Categories
- Finance
- Region
- South Asia
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A Landmark Impact Investment: Could This Innovative Experiment with Islamic Finance Provide a Model for Both Sectors?
Impact investing and Islamic finance are two segments of the socially responsible finance spectrum that rarely intersect – despite having much in common. But according to Umar Moghul, a transactional lawyer with experience in Islamic law, a recent impact investment by Mission Driven Finance in Somali Family Service of San Diego offers an example of how the two sides can come together to boost their mutual impact.
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