(MENAFN) The Islamic Corporation for the Development of the Private Sector (ICD) plans to relaunch a XOF sukuk worth USD200 million with the government of Senegal for the African state, according to Arab News.
This project is expected to open the doors to more improved energy projects through sukuk issuances.
It aims to promote Islamic finance as an alternative instrument to finance the economies of the member states of West African Economic and Monetary Union (WAEMU).
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