Nigeria Plans Sukuk Debut Targeting Role as Shariah Hub: Islamic Finance
Nigeria, Africa’s second-largest economy and home to 75 million Muslims, plans to sell its first Islamic debt within 12 months as part of a bid to become the continent’s center for Shariah-compliant financing.
The West African country is seeking to diversify the economy by developing its finance industry.
Issuance is rebounding after Dubai World, one of the emirates’ three main state-controlled holding companies.
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