AVA Capital Leads N20bn Sukuk Issuance for TAJ Bank in Nigeria

AVA Capital Partner Limited has announced the successful completion of a N20 billion mudarabah sukuk issuance for TAJ Bank in Nigeria. The issuance was oversubscribed by 185.15%, reflecting strong confidence in non-interest investment products in the country.

Kayode Fadahunsi, the Managing Director of AVA Capital, highlighted the deepening confidence in Nigeria's Islamic finance market and the growing appetite for ethical investment products. The sukuk issuance is seen as a landmark event that will strengthen non-interest finance channels and drive capital towards impactful economic growth in Nigeria.