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Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Senegal Issues XOF 330BN Sukuk

Proceeds from the issuance will be utilized to finance the acquisition of buildings to be used as administrative offices, as well as financing of various other strategic government projects

The Republic of Senegal, through the Société Nationale de Gestion et d’Exploitation du Patrimoine Bâti de l’État (SOGEPA SN)[1], sold XOF 330bn (around USD 525.4m) in three-tranche Sukuk Ijarah, attracting orders from regional and Middle Eastern investors. The first tranche is a seven-year Sukuk; the second is a 10-year tranche, and…

Islamic Corporation for the Development of the Private Sector (ICD)

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    • Signing of the Line of Financing agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Banque Nationale pour le Développement Economique (BNDE)-Senegal
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Signing of the Line of Financing agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Banque Nationale pour le Développement Economique (BNDE)-Senegal

The facility comes under the allocation of ICD’s USD 200 Mn COVID-19 Line of Financing Support Package to support the private sector affected by the pandemic

Mr. Ayman Sejiny, the CEO of The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector arm of IsDB Group, and Mr. Thierno SY, the CEO of the Banque Nationale pour le Developpement Economique (BNDE)-Senegal, signed a EUR 12 Million Shariah-compliant Line of financing agreement…