Business Blog

Bahrain-based International Islamic Financial Market will develop contract templates for sharia-compliant corporate finance and trade finance transactions, as the industry body expands its mandate.

(Adds debt ceiling)NAIROBI, Dec 1 (Reuters) - Kenya will issue its debut sukuk in the next financial year, not this one as some had expected, after it opted to borrow an additional $750 million from its maiden $2 billion Eurobond issued in June, its finance minister said on Monday.Parliament is set to consider a recommendation by its finance committee to double the government&aposs external debt c

(Adds debt ceiling)NAIROBI, Dec 1 (Reuters) - Kenya will issue its debut sukuk in the next financial year, not this one as some had expected, after it opted to borrow an additional $750 million from its maiden $2 billion Eurobond issued in June, its finance minister said on Monday.Parliament is set to consider a recommendation by its finance committee to double the government&aposs external debt c

Bahrain-based Ibdar Bank has closed a USD 100 million deal with Ethiopian Airlines for the lease of four Bombardier Q400 NextGen planes, the first sharia-compliant transaction in Africa's aviation sector.

Kenya will issue its debut sukuk in the financial year ending June 2016 after it opted to borrow an additional $750 million from its maiden $2 billion Eurobond issued in June, its finance minister said on Monday.

Kenya will issue its debut sukuk in the financial year ending June 2016 after it opted to borrow an additional $750 million from its maiden $2 billion Eurobond issued in June, its finance minister said on Monday.