Thursday 3 September 2015
 
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Islamic Development Bank

Saudi IDB increases sukuk programme to $25bn

Islamic Development Bank (IDB) has increased the ceiling of its Islamic bonds (sukuk) programme to $25 billion from $10 billion, as it aims to expand its financing across member countries, said the Jeddah-based lender. An expanded

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IDB eyes use of Islamic finance in AIIB

The Islamic Development Bank (IDB) is in discussions with Chinese officials to study the use of Islamic financing in the planned Asian Infrastructure Investment Bank (AIIB), the head of the Jeddah-based multilateral lender told Reuters.

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IDB unit to lead manage $480m Ivory Coast sukuk

The Islamic Corporation for the Development of the Private Sector (ICD), an arm of the Jeddah-based Islamic Development Bank, said it would lead manage a 300 billion CFA franc ($480 million) Islamic bond programme for Ivory Coast.

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IDB unit to raise $1.2 billion in Islamic financing

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. The Is

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Oman to get IDB’s $176m grant for social growth

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

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IDB's infrastructure fund eyes GCC links

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

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Islamic Development Bank eyes first short-term sukuk

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

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IDB backs Morocco's first sukuk

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

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IDB raises $1 billion from 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

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IDB sets bond price guidance

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

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