Alif Secures $3 Million from International Islamic Trade Finance Corporation
Published
Funds to be directed towards expanding the Nasiya service
Alif will use $3 mn from the International Islamic Trade Finance Corporation (ITFC) to expand its Nasiya instalment service, the company told Kursiv Uzbekistan.
The investment banks TMT Global Advisers and Ansher Capital acted as financial advisers to Alif.
The Nasiya service allows customers to purchase goods that are in line with Islamic financing principles.
Nuriddin Lafizov, CEO of Alif in Uzbekistan, announced that the company plans to issue Islamic bonds, known as sukuk, to support its growth further.
