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President William Ruto has launched the country’s first Shariah-compliant bond, the Linzi Sukuk, which will be traded on the Nairobi Securities Exchange’s unquoted securities platform. The Islamic Security, valued at 3 billion shillings, is set to finance the development of 3,069 affordable housing units in what the head of state now says will address the critical need for affordable housing in the country.
Linzi Finco floats first ever Shariah-Compliant Bond at NSE
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