21 Hrs
Source:
البلاد
Azerbaijan plans first Sharia bonds
Azerbaijan News is considering the issuance of its first Shariah-compliant sovereign sukuk aimed at attracting long-term financing, marking a first-of-its-kind step in the country. This initiative is part of the government’s efforts to diversify sources of funding and aims to benefit from opportunities provided by the Islamic Development Bank Group, which includes projects in infrastructure, energy, and banking services. Agreements worth over $4.7 billion were signed during the economic forum in Baku, which focused on boosting investments and diversifying the economy.
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