Bokra’s Groundbreaking Sukuk Issuance Ushers in a New Era for Islamic Fintech in Egypt
- Bokra raised 3 billion Egyptian pounds ($58.9 million) through its inaugural sukuk issuance.
- The sukuk issuance is structured with an 84-month term and aims to bolster Aman Project Finance’s Sharia-compliant lending portfolio.
- Bokra handled the full structuring and issuance process through its subsidiaries, serving as both the issuer and investment manager.
Bokra's successful sukuk issuance not only highlights its innovative approach to Islamic finance but also reflects the growing demand for alternative investment solutions in Egypt. As the fintech landscape evolves, Bokra's ability to navigate complex financial instruments positions it as a leader in the sector, paving the way for future fintech ventures to explore similar paths. This could significantly enhance financial inclusion and support the growth of SMEs in the region.
