Sunday 26 October 2014
 
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Islamic Development Bank

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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Islamic Development Bank triples capital

  Islamic Development Bank , which provides financing and loans in Muslim countries, has more than tripled its authorised capital to $150 billion to better support development projects in its 56 mem

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IDB picks banks for $500m sukuk sale

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

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Morocco agrees $2.4bn loan deal with IDB

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

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Fitch rates IDB’s $800m sukuk at AAA

Fitch Ratings has rated Islamic Development Bank's (IDB) issuance of $800 million Trust Certificates due June 26, 2017 issued by IDB Trust Service, under its $6.5 billion Trust Certificate Issuance Programme (TCIP) at AAA. The TCIP benefit

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