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TAJBank to issue N20bn Sukuk, targets N100bn yield

punchng.com/tajban...

submitted 12 months ago by uzong

TAJBank to issue N20bn Sukuk, targets N100bn yield

submitted 12 months ago by uzong

TAJBank to issue N20bn Sukuk, targets N100bn yield
  • TAJBank in Nigeria plans to raise N20 billion through a Mudarabah Sukuk bond to strengthen its capital, part of a larger N100 billion Sukuk program for business expansion.
  • The bond offers a 20.5% annual return, allowing individuals and institutions to invest in an ethical financial instrument that promotes financial inclusion and profit-sharing ventures.
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