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Islamic Finance Briefing - Categorized | Banking, Market Moves more

ICD to open two new Islamic banks in Africa

Posted on 07 November 2012

The Islamic Corporation for the Development of the Private Sector (ICD) is planning to open two new Islamic banks in Mali and Benin in 2013. H.E. Khaled Mohammed Al-Aboodi, CEO of the ICD, revealed that it will open two new Islamic banks in Mali and Benin in 2013, providing Islamic financial services in an area which is currently greatly underserved.
He also stated that it is planning to issue a $200 million Sukuk for the Government of Senegal to provide liquid Islamic products for Islamic banks………………………………………..Full Article: Source

 
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