As the first ever Nigerian sovereign Sukuk issued in 2017 matured and was finally settled. This is another Milestone in Islamic Finance Industry in Nigeria, according to Prof. AbdulRazzaq AbdulMajeed Alaro. Sukuk, a form of Public Private Partnership (PPP), was Read more…
As someone who actively participates in the Islamic finance industry as a client, consultant, and observer. I’ve had a front-row seat to the growing problem of miscommunication in the marketing of Islamic finance products. It’s an issue that not only Read more…
Islamic finance’s entrance into Nigerian financial sectors is in its third decade. The introduction of Islamic finance in Nigeria dates back to the late nineties, when the Banks and Other Financial Institutions Decree (BOFID), now BOFIA, was promulgated during the Read more…
Rent on Sukuk bonds jumped from N8.17 billion in the first quarter of 2022 to N33.13 billion in the second quarter, according to an analysis of the Federal Government’s domestic debt service report by the Debt Management Office (DMO) Nigeria Read more…
The board of executive directors of the Islamic Development Bank (IsDB), which has its headquarters in Saudi Arabia, approved $1.12 billion in financing for development projects across nine of its member countries as well as a $1.79 million grant for Read more…
What is Takaful (تكافَل)? Takaful is a type of ‘Islamic’ insurance wherein members contribute money into a pool system to guarantee each other against loss or damage. Takaful insurance is based on Sharia (Islamic law), which explains responsibilities of individuals Read more…
Since inception, Jaiz Bank Plc has financed over 10,000 units of houses in the country, said the Executive Director, North, Dr Sirajo Salisu, while partnering with different developers, he added. Dr Sirajo noted this during the 5th African International Conference Read more…
In order to mitigate the risks of development setbacks, the federal government has said that it explored financing options that offer long-term viable source of finance for its infrastructure projects, one of which is Islamic finance. This was made known Read more…
On Saturday 6th November, 2021, the Islamic Finance International Conference (IFIC) 2021 held at National Mosque at Kanda, Accra, Ghana. Theme: Islamic Finance: A Timely Solution To The Rising Public Debt In Ghana. Special Guest of Honour: H.E Mr. Meshal Read more…
