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Interest in Sukuk gains momentum with Africa’s sovereign debt issuers

While South Africa became the first non-Muslim country in sub-Saharan Africa to issue an islamic bond when it issued a $500 million sukuk last year, a recent report from Standard Chartered finds that a number of the region’s countries are looking to issue sukuk as an alternative mechanism to raise funds for some of their key projects. The trend points to the growing interest of sub-Saharan African opportunities to Middle Eastern investors. 

Read more at Zawya…

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