IslamicFinance.de

Professor Shehu Usman Rano Aliyu, Director of the International Institute of Islamic Banking and Finance at Bayero University, Nigeria stated Islamic banking and finance is the best option for tackling challenges faced by the Nigerian economy. Meanwhile, Usman Hassan, CEO of Jaiz Bank, urged the Nigerian government to take a closer look at sovereign sukuk issuances to fund infrastructure projects. He stated that sukuk were very apt for Nigeria, as there are no failed projects and the financier (investor) will not allow abuse. He urged to government to look at the structure of sukuk to see how it can be of benefit to the economy as a source of FDI from a new diverse investor base.