• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

The BRVM becomes the 1st Stock Market for Islamic Finance In Africa with Five Sukuk Listings amounting to $1.3 Billion

Chacha Wabara by Chacha Wabara
October 19, 2016
in Business News, Company News, Funds Management
The BRVM becomes the 1st Stock Market for Islamic Finance In Africa with Five Sukuk Listings amounting to $1.3 Billion
Share on FacebookShare on TwitterShare on Linkedin

ICD (www.ICD-PS.org) is a multilateral organization and a member of the Islamic Development Bank (IDB) Group. The mandate of ICD is to support economic development and promote the development of the private sector in its member countries through providing financing facilities and/or investments which are in accordance with the principles of Shari’a. ICD also provides advice to governments and private organizations to encourage the establishment, expansion and modernization of private enterprises. ICD is rated AA/F1+ by Fitch and Aa3/P1 by Moody’s.

The first listing reflects the commitment of the BRVM (www.BRVM.org) for the development of Islamic finance in the Regional Financial Market WAEMU. It will enhance the attractiveness and liquidity of its Islamic bonds, particularly for individual holders, while ensuring the success of future issuances by WAEMU States.

Sukuks are innovative financing sources for the WAEMU economies. Besides the states, financial institutions and the private sector are invited to issue SUKUK to finance Union economies to accelerate its growth. For His Excellency Mr. Daniel Kablan Duncan, Prime Minister, Minister of Economy, Finance and Budget of Côte d’Ivoire: “the development of Islamic finance is a major focus for the development of the Regional Financial Market to finance growth of Côte d’Ivoire and the entire WAEMU”.

RelatedStories

Top 3 rating agencies in Nigeria and what they do

Top 3 rating agencies in Nigeria and what they do

July 23, 2020
Full Transcript Of President Muhammadu Buhari’s 2018 Budget Speech

Moody’s latest downgrade of Nigeria and how it affects you

November 13, 2017

The Islamic Corporation for the Development of the private sector (ICD) (www.ICD-PS.org), the private sector arm of the Islamic Development Bank Group, is the major player of the above transactions with the brokers and management companies of Mutual Funds of securitization. ICD confirms its commitment to support the development of Africa. Mr. Khaled AL Aboodi, the CEO of ICD, declared “this listing is one of the largest ever achieved worldwide and ICD is proud to be one of the actors.”

 

Tags: Rating Agencies
Chacha Wabara

Chacha Wabara

Chacha Wabara-Ogbobine is a Legal practitioner with over 9years post call experience. A research Consultant, professional writer and a blogger at heart,owner of four thriving websites with well over 10years of experience. Totally in love with keeping fit and coaching weight loss enthusiasts. I love my quiet time, being with my kids, watching TV series for hours on end.

Related Posts

Top 3 rating agencies in Nigeria and what they do
Company News

Top 3 rating agencies in Nigeria and what they do

July 23, 2020
Full Transcript Of President Muhammadu Buhari’s 2018 Budget Speech
Politics

Moody’s latest downgrade of Nigeria and how it affects you

November 13, 2017
Business News

S&P has some cheering rating news for FGN

September 16, 2017
Fitch Says Nigerian Banks Are In Trouble, May Post Decline Performance Indicators

Boom: Fitch Downgrades Nigeria, Blames CBN Forex Policies

January 26, 2017
Moody’s Assigns First-time Ratings to Four Large Nigerian Banks
Business News

Moody’s Explains Why Oil and Gas, Not Diversification, Remains The Way Out of Recession

January 3, 2017
Nigerian stocks
Blurb

Bulls Are Back: 4 Reasons Why Nigerian Stocks Are Rallying

December 15, 2016
Next Post
Nigerian Immigration Service NIS jobs, National Information Technology Development Agency, NITDA begins investigation of Banks and NIS over data breach

Official: Interest Rates Charged By Banks For The Month of September

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Cornerstone Insurance declares 27 kobo final dividend, reveals payment date and criteria 
  • Oil Subsidy Fraud: EFCC declares Fargo Petroleum MD wanted over alleged N976 million scam 
  • BUA Cement gains over 7% as Nigerian stock market conquers new territory 

Follow us on social media:

Recent News

Cornerstone Insurance declares 27 kobo final dividend, reveals payment date and criteria 

June 13, 2025
EFCC, NOUN, Sunflower Hotel

Oil Subsidy Fraud: EFCC declares Fargo Petroleum MD wanted over alleged N976 million scam 

June 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics