The future of Islamic Banking and Finance is bright in Central Asian Countries as well as Caucasus and Balkan
by Muhammad Hassaan Bhagat, Senior Consultant in Forensics & Compliance Department of Grant Thornton UAE
The Africa Finance Corporation’s (AFC) issuance represents the global market’s first USD Sukuk transaction of 2017 and the first Sukuk transaction from an African supranational entity. The pan-African multilateral development finance institution and project developer, AFC, issued its maiden Sukuk which is the highest-rated Sukuk issuance from an African institution. Emirates NBD Capital played a role as the Sole Global Coordinator in the 150 million USD transaction which has an estimated final order book of approximately 230 million USD.
2017 will prove to be the best year for Islamic Financial market