Previously suppressed under Apartheid, Islamic banking had a shaky start in South Africa when Jaame Limited, the first Islamic bank in South Africa, was launched in 1980, but soon after collapsed into bankruptcy. However, Sharia investments in South Africa are now enjoying an illustrious resurgence, to the point that even non-Muslim South Africans, fed up with excessive profiteering within mainstream banking, are now dabbling in the steady, moralist approach of Islamic finance. In late 2014, the South Africa treasury issued a record $500 million Sukuk, a first, hoping to tap into funding from …