The Islamic Investor: Profit from Nigeria’s World Class Sharia Listed Companies Nigeria is Africa’s biggest economy and second only to Saudi Arabia in terms of Organisation of Islamic Cooperation (OIC) members GDP ranking. It currently presents an interesting investment case for the Islamic investor.
Interest (Riba) is banned in Islamic Finance, Saving returns are based on Profit rates
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The La Riba Bank account started in Kenya in 2006 to provide Islamic Finance and Banking services for Kenya’s 8 million Muslims who represent 25% of the population.
The Bank of London and Middle East (BLME) is an Islamic finance provider based in London which is covered by the Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme which protects deposits up to £85,000.
The Bloomberg Sukuk Market Return Index (BMSSUTR) fell by 0.09% W-o-W (vs. +0.17% in week prior) to 120.06, bringing YTD returns to 1.58% (vs. 1.67% in week prior).
Having pioneered and lead the world in modern Islamic Banking and Sukuk, Malaysia is now trend setting in the ...
Emirates Airline sukuk was priced lower at 2.471% as compared to Noor Bank 2.788%.
It was interesting to observe Middle East buyers taking up only 2% of the 30 year sovereign Sukuk issued by Ma...