A sukuk for the 1,200MW plant: not cheaper money, but better-disciplined money
News

A sukuk for the 1,200MW plant: not cheaper money, but better-disciplined money

Dr. Abdul-Jalil IBRAHIM
Published 1 hour ago5 min read

The strongest argument for financing Ghana's proposed 1,200 MW power plant with sukuk (sukuk are sharia-compliant investment certificates often called 'Islamic bonds')has little to do with religion and much to do with a structural feature of the instrument: the proceeds cannot legally be spent on anything else.

Published by Francis Buetey
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