Algeria issues first $2.3bn Sukuk to fund housing
Algeria’s government recently issued the country’s first sovereign Sukuk, raising $2.3 billion to reduce pressure on public finances and accelerate social housing programs. The transaction, led by the Ministry of Finance under President Abdelmadjid Tebboune, marks a shift from conventional debt to Islamic finance instruments aimed at tapping into local and diaspora liquidity while complying … Read more