Tagged: Standard Bank

Building firm’s $100m sukuk a success

Building firm’s $100m sukuk a success

The $100 million sukuk for the Building Materials Company has been successfully resolved and paid for in full on its maturity date on October 18.
The statement was given by the arrangers and lead managers, Kuwait Finance House (KFH), Liquidity Manageme…

Takaful market set to grow in S. Africa and beyond

Takaful market set to grow in S. Africa and beyond

Through the acquisition of the local Islamic insurance company, Takafol SA, by Absa, it is once more underlined that the mainstream banks in South Africa are taking Islamic finance as a serious niche market business.
The Takaful premium market in South…