Capital Markets News
The fund will follow fintech innovations aimed at enhancing access to financial services
The bond can be bought via mobile phones and offers a higher interest rate than offered by commercial banks.
The MoU will support SMEs growth by facilitating access to capital.
The MoU will promote Islamic capital markets products and initiatives.
After floating EGP, forex inflows to the equity and debt markets have been growing.
This is the first US dollar Sukuk to be issued by an African multilateral institution
Pension schemes can now invest in all exchange traded derivatives and Reits.
The bond is expected to be issued by June 2017 and mature for a period of five to seven years.
The fund will be used to finance new projects in member nations.
The debut Islamic bonds will enhance participative banking in Morocco