IDB institute, W/African central banks meet over sukuk

01/02/2017 06:46 AST

The Islamic Research and Training Institute (IRTI) and the Islamic Development Bank (IDB) Legal Department have organized a regional consultation workshop on the Sukuk Model Law Project, in partnership with the Central Bank of West African States (BCEAO).

A statement from the IRTI said this was the first of four regional consultations that are an integral part of the Sukuk Model Law Project currently under execution by the IDB.

Speaking on the occasion, IRTI Director General, Prof. Mohamed Azmi Omar, said, “The workshop reaffirmed the importance of Sukuk as an emerging yet increasingly significant instrument of resource mobilization globally and for the Sub-Saharan African region in particular. The deliberations highlighted the need for collating the experiences, expertise and global best practices to facilitate newcomers to Islamic finance.”

The workshop was held at the BCEAO headquarters in Dakar, Senegal from recently. Participants included senior officials of regulatory authorities and Ministries of Finance from the eight BCEAO member countries, namely Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo, as well as from Gabon, Gambia, Guinea-Conakry, Kenya, Mozambique, Nigeria, Sierra Leone, South Africa and Uganda. Specialist law firms and consultants with expertise in Sukuk and Islamic finance from the various jurisdictions also participated in the workshop.


Daily Trust

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
RIBL 13.83 1,519,548
JARIR 177.89 111,251
STC 83.41 257,644

Recent News

Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap