 |
IDB picks banks for $500m sukuk saleIslamic 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 More… |
 |
Morocco agrees $2.4bn loan deal with IDBMorocco 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 More… |
 |
Fitch rates IDB’s $800m sukuk at AAAFitch 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 More… |
 |
IDB prices $800m five-year sukukSaudi Arabia-based Islamic Development Bank (IDB) priced an $800 million five-year sharia-compliant bond, or sukuk, on Tuesday, lead arrangers said, in its first public debt issuance in over a year. The size of the sukuk was increased to $ More… |
 |
IDB plans up to $1bn sukuk in JuneSaudi-based Islamic Development Bank (IDB) plans to issue $500 million to $1 billion worth of Islamic bonds or sukuk in June, the bank's chairman Ahmad Mohamed Ali said late on Tuesday. "IDB practice is usually a five-year issue in the am More… |
 |
IDB plans $1 billion sukukSaudi Arabia’s Islamic Development Bank (IDB), which operates on the principles of Shari’ah, plans to raise up to $1 billion by issuing a sukuk, a spokesman for the bank told Reuters on Wednesday. Asked about media reports quoting IDB pres More… |
 |
Bahrain to set up new Islamic development bankBahrain will establish a new multibillion dollar investment bank in the Kingdom following recent positive economic development, said officials. The new bank, Al-Emar Bank (the Construction Bank) will be announced formally during an Organiz More… |
 |
ITFC, HSBC sign co-operation dealThe International Islamic Trade Finance Corporation (ITFC) has signed a MoU with HSBC Bank Middle East to expand their participation in co-financing and syndicated trade finance operations. Besides the duo will also invest ITFC’s liquid fu More… |
 |
IDB to help finance Egypt projects for $2.5bnJeddah-based Islamic Development Bank is setting aside $2.5 billion for development projects in Egypt over the next three years to support its economy after the ouster of its leader, the bank said on Wednesday. "To assure the role of the b More… |
 |
IDB seeks funding for Jordan rail projectSaudi-based Islamic Development Bank (IDB) is in talks with several global financial institutions to secure funds for Jordan's ambitious $5 billion railway project, said a report. The project is set to change the re More… |
