Sterling Bank obtains $15m ICL facility

The Non-Interest Banking unit of Sterling Bank Plc has attracted a $15 million facility from the Islamic Corporation for the Development of the Private Sector (ICD), a multilateral development financial institution and a part of the Islamic Development Bank (IsDB) Group. This praiseworthy development stemmed from the recognition of Sterling Bank's contribution to the growth of Islamic banking in Nigeria and Africa barely four years after it commenced operations and its ability to use non interest banking contracts to structure transactions in the most unique manner, according to a statement...The post Sterling Bank obtains $15m ICL facility appeared first on New Telegraph Newspapers.
Click here to read full news..