AFC Secures $400 Million Shariah-Compliant Facility, Marking Return to Islamic Finance Market
Africa Finance Corporation, a leading infrastructure solutions provider, has successfully raised $400 million in a Shariah-compliant Commodity Murabaha facility, marking its strategic return to the Islamic finance market after an eight-year hiatus. This landmark transaction underscores AFC's commitment to diversifying its funding sources and expanding its presence in the global Islamic finance sector. With this move, AFC aims to tap into the growing demand for Shariah-compliant financial products, further solidifying its position as a major player in Africa's infrastructure development. The corporation's president and CEO, Samaila Zubairu, is set to drive this new phase of growth, leveraging Islamic finance and infrastructure investment to foster economic development across the continent.
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