CRDB Bank targets at least Sh30 billion and $5 million from Sharia-compliant bond
Retired President Jakaya Kikwete launches sales of the CRDB Al Barakah Sukuk issued by CRDB Bank in DAr es Salaam. Looking on from left are CRDB Bank board chairperson Neema Mori, CRDB Bank chief executive Abdulmajid Nsekela, Sharia Advisory Board chair Abdul Van Mohammed, Chief Sheikh Abubakar Zubeir bin Ally and Evangelical Lutheran Church in Tanzania (ELCT) head Alex Malasusa. PHOTO | CORRESPONDENT
It also carries a green-shoe option that could push the totals to Sh40 billion and $7 million, respectively, the bank said in a statement on yesterday.
