Kenya lists first Islamic bond on stock exchange
Kenyan President William Ruto, on Wednesday, announced the listing of the country’s first Islamic bond, the Linzi Sukuk at the Nairobi Securities Exchange (NSE)’s Unquoted Securities Platform (USP). This makes the product the first Shariah-compliant product on the country’s platform. The bond is a three-billion-shilling ($23 million) Islamic secured residential-based security. It is with a […]