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Kenya maiden sovereign Sukuk to be part IF

Posted on 05 December 2011

Kenya’s maiden $500m sovereign Sukuk, planned for issue by June 2012, will be part-Shari’ah compliant in order to attract investors from the Middle East, according to local financial industry players.
The country has for several years toyed with the idea of issuing sovereign Sukuk, but the post election violence of 2008, which affected its sovereign rating and the financial instability in Europe and the US, where most of the buyers were expected to come from, saw the government’s plans shelved………………………………………..Full Article: Source

 
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