Kenya issues first Islamic bond

Kenya's Capital Markets Authority has approved the first Shariah Compliant Bond. Linzi Finco Trust will float a Ksh3 billion bond to build institutional housing units, and will offer an internal return of 11.13 per cent and will be used to develop 3,069 housing units. Joining CNBC Africa for more is Wycliffe Shamiah, CEO of the Capital Markets Authority.
Fri, 22 Sep 2023 15:02:36 GMT