IslamicFinance.de

Changes are planned in the financial regulations of Senegal, Kenya, Nigeria and South Africa. These will permit a launch of Sukuk and are allocated to deliver a rebound in the international Sukuk market, a market that has been declining since 2008.
The latest Global Sukuk Market report released by the International Islamic Financial Market (IIFM) shows that Africa accounted for only 0.3% of global Sukuk launches in the decade ending December 2010, all of which came from Sudan with some miniscule activity in The Gambia.
The report also adds that issuance trend displays that Islamic countries will continue to be the main drivers of the Sukuk market in the coming years while others from Europe, Africa, Central Asian Republics and the Far East may join if they see opportunity and advantage in issuing Sukuk.