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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… |
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Doha summit approves $1bn for JerusalemThe Arab League on Tuesday approved a Qatari proposal to set up a $1 billion fund for Arab East Jerusalem, which Palestinians want as the capital of an independent state under any peace deal with Israel. More… |
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Qatar to set up giant global Islamic bankQatar, the world's largest exporter of natural gas, expects to go ahead soon with its plan to establish a big, international Islamic bank, said Finance Minister Youssef Kamal on Monday. Last April the Qatari government had sig More… |
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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… |
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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… |
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IDB picks banks for potential sukukSaudi-based Islamic Development Bank (IDB) picked five banks to arrange roadshows ahead of a potential dollar-denominated Islamic bond, or sukuk, which would be its first trade in over a year, lead arrangers said on Wednesday. The supranat More… |
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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… |
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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… |
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Huge mandate for new Islamic bankGulf institutions plan to spur development of the Islamic finance industry by setting up a bank that would boost liquidity in sharia-compliant markets. But the mandate of the bank is so wide that it may struggle to have an impact early on, More… |
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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… |
