Sri Lanka had plunged into an economic crisis when the island nation declared sovereign default in mid-April of 2022, its first since gaining independence from Britain in 1948.
These assets could be in a specific project or investment activity that is Shari’ah-compliant. “The 2023 sovereign sukuk is the only sukuk issued by an entity in the Philippines to date. However, ...
“The 2023 sovereign sukuk is the only sukuk issued by an entity in the Philippines to date. However, growth is anticipated in the long-term. Investors from the Middle East took up around 30 ...