The Asian Development Bank (ADB) is considering an Islamic bond as early as next year, plans which could evolve into a regular issuance programme and an insurance product to help member countries offer sukuk of their own.
The Islamic Financial Services Board (IFSB) and the Asian Development Bank (ADB) have signed an agreement to promote the development of Islamic finance in common developing member countries.
“The importance of Islamic finance in t
The Asian Development Bank (ADB) is expected to contribute at least $2 billion to help Pakistan recover from its worst ever floods.
The economic costs of the floods are expected to run into the billions of dollars, stepp
The Asian Development Bank (ADB) is considering launching a medium-term note (MTN) programme worth several billions dollar for Islamic bonds, or sukuk, to finance infrastructure in Asia, an official said on Wednesday.
"If we use such an in
The Asian Development Bank (ADB) raised its estimate of average growth in developing Asian economies to 3.9 per cent in 2009 from a forecast of 3.4 per cent made in March, while also raising the 2010 forecast to 6.4 per cent from 6.0 per cent.
Japan, China and South Korea finalised details of an emergency $120 billion liquidity fund for 13 Asian nations on Sunday, a key regional initiative to counter the global economic downturn.
Separately, Japan announced a scheme to supply up