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Sukuk are seen as well-suited for infrastructure financing because of their risk-sharing property could also help fill financing gaps. National authorities should, therefore, focus on developing the necessary infrastructure, including promoting true securitization and enhanced clarity over investors' rights, and on stepping up regular sovereign ...
The Bond and Sukuk Information Exchange or BIX is a non-profit organisation information platform which provides free public access to information on bond and sukuk (Islamic bond) issued in Malaysia. The BIX, a comprehensive and up-to-date information on the Malaysia bond and sukuk market, also provides an increase in transparency in both the ...
The creation of the green sukuk, or green Islamic bond, is an innovation catalyzed by the World Bank. The bond has identified as a Climate Finance tool for cities and low-carbon infrastructure projects meant to stimulate private sector investment. [ 10 ]
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The sukuk market began to take off around 2000 and as of 2013, sukuk represent 0.25 percent of global bond markets. [381] The value of the total outstanding sukuk as of the end of 2014 was $294 billion, with $188 billion from Asia, and $95.5 billion from the countries of the Gulf Cooperation Council.
A proposed dam on the Congo River, which drains much of western Africa and is one of the world’s largest waterways, illustrates the promise and peril of massive infrastructure investment. Last year, the World Bank approved a $73 million grant to help the Congolese government study the dam’s environmental and social impact.
Moreover, in May 2020 the government issued its third sukuk (Islamic bond), worth N162.6bn ($434.1m), to fund infrastructure projects such as road rehabilitation. [ 1 ] In 2024, the Federal government of Nigeria started the construction of 700km coastal highway from Lagos - Calabar which will pass through 9 states and reduce travel times among ...
In the Faroe Islands, wild, unpredictable weather — fierce winds and rain, and thick fog that settles like a curtain — can sometimes make travel by car or ferry problematic.