Tunisia’s Wifak International Bank, which specializes in Islamic banking operations, closed its first bond issue in accordance with the principles of Islamic finance on June 28, 2019, raising 15.2 million dinars.
This operation, whose subscription period started May 10, was arranged by Stock market intermediary Maxula Bourse. The 15.2 million dinars, provided by about 400 subscribers (individuals and legal entities), will be used to strengthen the bank’s equity capital and meet its medium- and long-term commitments.
Wifak International Bank will use part of these funds to provide loans in accordance with the principles of Islamic finance to individuals and companies in Tunisia. At the end of the first quarter of 2019, the financing granted by the bank to its customers reached 403.8 million dinars, up 44% compared to the same period in 2018.
Chamberline Moko
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Côte d’Ivoire raises 110bn CFA francs, meeting full target Investor demand hits 291bn CFA fra...
Sonatrach to begin drilling at Kafra block in Niger Operations target oil potential across 23,737 sq km area Project revives 2018 discovery with...
Rockefeller, GEAPP commit over $100 million to Mission 300 initiative Funds support electrification planning, coordination, and investment...
Deal covers counterterrorism, conflict prevention, and cybersecurity cooperation EU delivers military equipment under €50 million support...
Project upgrades 77 km road to boost trade, regional connectivity Initiative aims to create jobs and support economic growth Cameroon and...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...