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KOTA KINABALU, Oct 20 SMJ Sdn Bhd (SMJSB), the Sabah state government-owned company, marks a significant victory as its inaugural issuance of RM900 million sukuk wakalah. ....
KUALA LUMPUR, March 15 The Malaysian Anti-Corruption Commission (MACC) arrested four men for the alleged misappropriation of RM596 million involving a sukuk agreement. The. ....
The North East Development Commission (NEDC) has revealed that it has taken over the reconstruction of major bridges destroyed by Boko Haram insurgents in the North-East. Mr Mohammed Alkali, the Managing Director of the commission, disclosed this during the inauguration of the commission’s infrastructure reconstruction and rehabilitation projects on Tuesday, March 2, in Yola. Alkali said that the 12 years of insurgency in the region had affected commerce, following the destruction of markets, roads, and bridges as well as public sector infrastructure. He said the Federal Ministry of Works and Housing had awarded numerous contracts for the rehabilitation and reconstruction of roads in the region. ....
As investors’ confidence is gradually returning to the Nigerian capital market despite the lull in economic activities, the United Capital Plc, leading fund manager in Nigeria has recorded another landmark with the launching of the nation’s first designated mutual fund for N1.0 billion Sukuk Fund. United Capital Asset Management Limited, a member of United Capital unveiled Nigeria’s maiden Sukuk fund with United Capital Sukuk Fund. The company is raising N1 billion as initial target size of the open-ended mutual fund, which implies that investors can continue to buy into the fund as they desire at any time. The Sukuk fund offers exciting returns on investment compared with existing comparative returns with average return on investment expected at 6.8 per cent in 2020 and expected to grow to 6.9 per cent in 2021 and 7.3 per cent by 2023. ....
United Capital deepens alternative finance with N1 billion maiden Sukuk fund today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.