null Sudanese bank launches first green sukuk for renewable energy
Sudanese bank launches first green sukuk for renewable energy
1 Jun 2021 | Tuesday Source: Reuters
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, for industries such as agriculture and mining.