Ghana has been borrowing, servicing debts and paying interests for years. The cost of borrowing funds, the rate of interest, the amounts outstanding, plus any fees associated with the diverse financing arrangements over the years Read more…
As recorded by Professor S.D Goiten, the basis of commerce and industry in the twelfth and thirteenth centuries in the Mediterranean region was formed through partnership and profit-sharing rather than interest-based borrowing and lending. From Read more…
RIYADH: Saudi Arabia’s sukuk issuances jumped by 37 percent in 2021, totalling $36.9 billion, up from $27 billion the year before, S&P Global Ratings revealed. The increase is attributed to the global issuance of foreign-currency denominated Read more…