Coronavirus: Is it Shariah compliant to invest in the medical industry now?

As the new coronavirus outbreak has already claimed hundreds of lives creating the fear of a global pandemic, some investors…

QIB’s Formosa Sukuk pins Taiwan on the Sukuk map

With QIB’s debut Formosa Sukuk facility issued last week, Taiwan has made it to the Sukuk world. Till this historic…

Nigeria set to lead Africa’s Sukuk issuances with new Islamic papers in the works

Sukuk are gaining mainstream status as a funding tool in Nigeria where the Debt Management Office (DMO), the Niger State…

As general defiance grows, Iraq establishes deposit insurance company

To build trust in Iraq’s tarnished banking system, a deposit insurance company has been established with the support of both…

Ethiopia adopts Islamic banking; two banks in the making

Much revered for his courageous reconciliation with Eritrea and for engaging Ethiopia on the path to democracy, Prime Minister and…

Mali seeks ICD’s help to set up fully-fledged Islamic bank

Over the past two years, Mali’s Ministry of Finance has been working on establishing a fully-fledged Islamic bank, MARC ROUSSOT…

One WASH Fund to issue impact Sukuk in 2020 as new cholera outbreaks emerge

The One WASH Fund recently set up by the International Federation of Red Cross and Red Crescent Societies (IFRC) and…

South Africa’s heavily indebted electricity provider looks at domestic and international Sukuk

South Africa’s debt-ridden electricity provider Eskom is mulling a US-dollar denominated Sukuk issuance while seeking proposals for a potential domestic…

South Africa’s sophomore Sukuk in the pipeline

South Africa is currently preparing to issue its second sovereign Sukuk facility, MARC ROUSSOT reveals. It is understood that the…

Nigerian federal government to continue Sukuk momentum with third offering this year

In a bid to fund infrastructure projects, diversify its sources of funding and further achieve financial inclusion, Nigeria’s Debt Management…