LATEST UPDATES
Card-image-cap

Finance | Islamic Finance

Islamic Finance Market Weekly Review November 7th to November 11th, 2022

Nov 14, 2022   •   by Opeyemi Aranseoluwa   •   Source: WebTV   •   eye-icon 168 views

ICIEC Signs MOU with AFC On Climate Action

On the sidelines of the recent COP27 summit in Sharm El Sheikh, Egypt, the Islamic Corporation for the Insurance of Investments and Export Credit, ICIEC, signed a memorandum of understanding, MOU, with the Africa Finance Corporation to strengthen the resolve for Climate Action.

 

According to the CEO of the ICIEC, Mr. Oussama Kaissi, the MOU further enhances the Corporation’s evolving playbook on Climate Action and risk mitigation, whether it relates to financing, underwriting, credit enhancement and risk management.

 

The MOU will enable cooperation in promoting joint action in the origination, financing and execution of Climate Action projects through ICIEC’s credit and investment insurance support in African member states common to both.

 

D-8 Organization for Economic Cooperation Discusses SME Development

The D-8 Organization for Economic Cooperation last week in Abuja discussed SME development and the growth of the Health markets. 

 

It was an opportunity to explore how SMEs can reinvent a competitive market & mapped opportunities for B2B and B2G collaboration.

 

ITFC Partners UNIDO to Boost Africa’s Cotton Sector

The Islamic Trade Finance Corporation recently partnered with the United Nations Industrial Development Organization, UNIDO, to support the growth of Africa’s Cotton Industry. 

 

Both organizations agreed to work together to assist brands and retailers in achieving more consistent quality and sourcing of their products from African cotton producers who adhere to national and regulatory agricultural practices.

 

TAJ Bank Bags BAFI 2022 Islamic Bank of the Year

TAJBank, at the 2022 Banks and other Financial Institutions Awards powered by Business Day, received the best Islamic Bank award for the year, acknowledging the innovative solutions, products and services to customers across the country. 

 

The bank is the second full-fledged Islamic Bank to be licensed in Nigeria, and has, since inception, worked tirelessly to create value in the financial market.


WATCH VIDEO


 

Related items.

Get the App

apple-store  play-store

Connect with us


Proshare is a professional practice focused on delivering research and information services to bridge the gap between investors and markets; by delivery on credible, reliable, and timely engagements through the following areas — Impact Research, Market Intelligence, Strategic Advisory, Stakeholder Relations & Digital Media.