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.

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.