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MoU signed by Nasdaq Dubai, Nairobi Securities Exchange
(MENAFN) A memorandum of understanding (MoU) has been signed by nasdaq Dubai and the Nairobi Securities Exchange to facilitate the creation of a Sukuk sector in Kenya.
No Sukuk has been issued in the East African region; however the Kenyan government has previously made known its intention to raise funds through issuance of Sukuk, including making necessary amendments to its laws to facilitate this product earlier this year.
Chief executive of Nasdaq Dubai, Hamed Ali and chief executive of the Nairobi Securities Exchange Geoffrey Odundo signed the MoU in Dubai.
No Sukuk has been issued in the East African region; however the Kenyan government has previously made known its intention to raise funds through issuance of Sukuk, including making necessary amendments to its laws to facilitate this product earlier this year.
Chief executive of Nasdaq Dubai, Hamed Ali and chief executive of the Nairobi Securities Exchange Geoffrey Odundo signed the MoU in Dubai.
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