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Even if ceasefire succeeds, investors will still want a risk premium
Demand allowed the bank to cut the yield by 35bp
The country offers huge potential and possible pitfalls for investors
A piece of very rare African senior bank issuance could also come this week
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The International Islamic Liquidity Management Corporation (IILM) has issued its second $490m short term dollar sukuk.
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The Republic of South Africa expects to bring its long-awaited debut sukuk in the first three months of next year according to Adnan Ahmed Yousif, president and chief executive of Al Baraka, one of the bank leads on the deal.
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The Republic of South Africa expects to bring its long-awaited debut sukuk in the first three months of next year according to Adnan Ahmed Yousif, president and chief executive of Al Baraka bank, one of the leads on the prospective deal.
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Libya’s central bank will issue at least three Islamic banking licenses next year, according to a Tripoli based Islamic finance specialist familiar with the matter.
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Nigeria’s Jaiz Bank has appointed Muhammad Nurul Islam as managing director and chief executive officer. He will replace Hassan Usman, who was led the bank since April.
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The Islamic Development Bank has agreed to two financing arrangements with Burkina Faso for a total of $121m.