Not long ago, a small but ambitious community dreamed of building a bridge that would connect their town to a bustling city across the river. This bridge wasn’t just about convenience; it was a lifeline for trade, education, and healthcare. But financing the project was a challenge, they needed a solution that was ethical, inclusive, and aligned with their values. Then came Sukuk, often referred to as Islamic bonds, is transforming how governments and corporations fund large-scale projects. Unlike conventional bonds, Sukuk doesn’t involve interest payments. Instead, it’s structured around shared ownership, sales principle, lease principle and profit-sharing principle. It ensures that all parties, investors, issuers, and stakeholders benefit ethically and transparently. With Sukuk, the town secured funding for their bridge, bringing their vision to life. Local businesses, children accessed schools across the river, and healthcare became more accessible. The investors, in turn, earned returns from the toll revenues thus a win-win for all involved. This isn’t just the story of a single bridge; it’s about the growing global significance of Sukuk. From road developments in Nigeria and across Africa to renewable energy projects in Asia, Sukuk is driving progress in ways that uphold the principles of equity, sustainability, and accountability. At The Alternative Bank, we champion solutions like Sukuk that enrich lives while fostering economic development. Sukuk isn’t just a financial instrument, it’s a bridge that connects communities to opportunities, turning dreams into reality and driving infrastructural development as a catalyst for economic growth and sustainability. What possibilities could Sukuk unlock for your organization or community? #Sukuk #NonInterestBanking #EthicalFinance #TheAlternativeBank #EconomicDevelopment
Interesting. Small businesses in Nigeria can be put on a product related to Sukuk to help them scale up their businesses
Afeez Ahmed
3w
This is so impactful. I got a beautiful insight from your perspective Ma'am. Thank you for sharing.
More grease to your elbow. ALTERNATIVE BANK. Barakallahu fi
Good afternoon ma please 🙏 I want to talk to you via DM
This is strengthening development at more affordable and structured manner. For our development of our infrastructure, I believe we should be looking at this direction for financing. Thanks Korede for sharing. It is very comprehensive and informative 🙏
Foreign, Commonwealth & Development Fellow | Dean of School
3wDear Korede Demola-Adeniyi , An attempt at understanding the psychological impacts of Sukuk based on research, has been partly the “ownership” ideology (as opposed to claims on interest or coupon). This creates a stronger sense of attachment, voluntary engagement, responsible management (including maintenance culture) and shared objectives among all stakeholders of such projects and programs funded by Sukuk. It’s very interesting and promises a more integrated, inclusive and progressive future for development financing and socio-economic transformation. Many thanks to you for sharing and moreso to The Alternative Bank for demistidying the foggy future and brazing the trail of non-interest finance. For the sake of humanity, continued venturing, and fair dealing, all things equitable and ethical are possible within non-interest banking & financing.