Bank, TK Tech partner on $500 million digital Sukuk

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 94%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

The Alternative Bank and TK Tech Africa are poised to transform the landscape of financial technology and non-interest banking with their innovative $500 million digital Sukuk initiative.

This partnership is pioneering the use of blockchain technology for the issuance, trading and settlement of Sukuk bonds, championing ethical and Sharia-compliant investments in the country.

Founder and CEO of TK Tech Africa, Oludamola Akindolire, spoke on the transformative nature of the collaboration, saying: “We are setting a new benchmark for financial innovation in Africa, offering an ethical investment avenue through the synergy of Islamic finance and blockchain technology.”Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.

President of the Nigerian-American Chamber of Commerce , Adebola Williams, has regretted that despite Nigerian goods being sought after overseas, the country keeps losing millions of dollars yearly for rejected goods. The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has described as commendable the clearance of a $7 billion foreign exchange backlog by the Central Bank of Nigeria .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NITDA opens application for tech startups to win $220,000The National Information Technology Development Agency (NITDA) has officially opened the application for tech startups to win as much as $220,000.
Source: GuardianNigeria - 🏆 1. / 94 Read more »