Tag: sukuk
TAJBank Lists 1st Corporate Sukuk Bond On NGX
TAJBank Ltd., Nigeria’s foremost non-interest bank, on Tuesday listed its Sukuk Bond on the floor of the Nigerian Exchange Ltd., (NGX).
The bank listed N10...
TAJBank Gets Approval To List N10b Sukuk
TAJBank, a national non-interest bank, has secured regulatory approval to list its N10 billion Sukuk on the Nigerian Exchange (NGX), deepening the pool of...
DMO Lists N250bn Sovereign Sukuk On NSE, FMDQ
The Debt Management Office (DMO) has listed N250 billion Sovereign Sukuk on the Nigerian Exchange (NSE) Limited and the FMDQ Securities Exchange.
The News...
FG Approves N3bn Sukuk Funds For Numan-Jalingo Road Project
Alhaji Muazu Sambo, Minister of State for Works and Housing, says there is a provision of N3bn Sukuk fund in 2022 by the...
N250bn Sovereign Sukuk Offer Attracts N865bn Subscription – DMO
The Debt Management Office (DMO) has said that the N250 billion Sovereign Sukuk offer attracted unprecedented subscription of over N865 billion.
Director-General of the DMO,...
3 Federal Ministries To Benefit From 2021 Sukuk Funds, Says DMO
The Debt Management Office (DMO) says its latest offer of N250 billion sovereign Sukuk, the fourth in the series, would be deployed to three...
Jaiz Bank MD: FG Raised N350bn From Sukuk In Three Years
A sukuk is an Islamic financial certificate, similar to a bond in Western finance, that complies with Islamic religious law commonly known as Sharia.
He...
Sukuk: An Alternative Economic Model in Nigeria
By Engr. Dauda Ayanda, South Africa
On 5 March 2009, the Vatican’s official newspaper L'Osservatore Romano reported that banks should look at the rules of Islamic...
