Nigeria’s Jaiz Bank says it has become the first financial institution in Africa to join the International Islamic Liquidity Management Corporation’s (IILM) network of primary dealers, after signing an agreement during a CBN–IILM liquidity management conference in Abuja.
The bank disclosed this in a statement by its management on Sunday.
The move gives the non-interest lender access to the IILM’s short-term, investment-grade sukuk, which Islamic banks use to…
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