To raise capital for infrastructural projects, Nigeria in 2017 decided to explore an untapped funding source: Sukuk bond. Sukuk (Arabic name) is an Islamic financial certificate, similar to a bond in Western finance, which complies with Sharia Islamic religious law. Initially developed in Muslim majority countries, Sukuk has in the last 10 years seen considerable...
The post Nigeria is raising money through Sharia-compliant bonds but there's a problem appeared first on Face2Face Africa.
