The private sector arm of the Jeddah-based Islamic Development Bank (IDB) plans to tap Islamic capital markets to raise as much as $1.2 billion in long-term funds during its current financial year, its chief executive said.
Oman will receive a grant of $176 million for its economic and social development for the Islamic Development Bank (IDB), a multilateral development financing institution, a report said.
IDB has allocated $987 million to back econ
A new infrastructure fund from the Islamic Development Bank aims to help Gulf-based companies expand in Asia and Africa, developing stronger economic ties among these regions.
Jeddah-based IDB is keen to grow trade among its 56 me
The Jeddah-based Islamic Development Bank aims to issue its first short-term sukuk this year, and is studying how it might start to guarantee Islamic bond issuance by member countries, said a senior executive.
A lack of short-term
Morocco has won backing from the Saudi-based Islamic Development Bank for its first sukuk as the North African country looks to attract Middle Eastern investors.
"The Islamic Development Bank has proposed us to buy our sukuk
Islamic Development Bank (IDB), a Jeddah-based multilateral institution, raised $1 billion from the sale of a five-year Islamic bond, or sukuk, at par yesterday, overcoming a sell-off across global credit markets.
The senior, unse
Islamic Development Bank (IDB), a Jeddah-based multilateral institution, said it has set price guidance for a $1 billion Islamic bond sale.
The AAA-rated bank, whose largest shareholder is Saudi Arabia, is offering a price guidanc
Islamic Development Bank, a Jeddah-based multilateral institution, has picked eight banks to arrange a series of meetings with fixed income investors ahead of a potential sukuk issue, said lead managers.
The AAA-rated bank will ho
Morocco expects to sign a $2.4 billion loan deal next month with the Saudi-based Islamic Development Bank (IDB), a Moroccan official told Reuters on Tuesday.
The North African country has agreed a package with the IDB under which