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Sudanese Bank Issues First Ever Green Sukuk for Renewable Energy
June 1st, 2021 - 10:00 GMT

Sudanese Bank Issues First Ever Green Sukuk for Renewable Energy

A Sudanese bank on Monday launched an investment fund offering what it said was the country’s first green sukuk — or bonds compliant with Islamic banking principles — aimed at financing renewable energy for commercial use. The 4.75 billion Sudanese pounds fund ($11.3 million) launched by Sanabel, a subsidiary of the Bank of Khartoum , aims to finance the production of 55 megawatt hours per day, according to its prospectus ...
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