Tuesday 22 July 2014
 
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IDB

IDB places $1 billion sukuk

Jeddah-based Islamic Development Bank (IDB) issued $1 billion in five-year Islamic bonds, or sukuk, earlier this month, the largest privately-placed transaction from the supranational institution. IDB, which promotes economic deve

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IDB launches $2bn infrastructure fund

The Islamic Development Bank has launched a $2 billion infrastructure fund II (the IDB Fund II) to mark the 40th anniversary of the bank.   The IDB Fund II is the largest private equity infrastructure fund dedica

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IDB aims to triple size of infrastructure fund to $2bn

The Islamic Development Bank (IDB) has relaunched its infrastructure fund with backing from Saudi Arabia, Bahrain and Brunei, aiming to raise $2 billion - almost triple the size of the original fund. Jeddah-based IDB, a multilater

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Airbus, IDB back Islamic aircraft leasing fund

Airbus Group and the Jeddah-based Islamic Development Bank (IDB) are seeding a sharia-compliant aircraft leasing fund to cater to growing demand for commercial financing from airlines in the Middle East, Asia and Africa. The fund,

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IDB approves $447m financing for new projects

The Islamic Development Bank has approved $447.6 million towards financing several new development projects.   The fund will be used for financing projects in a number of member countries as well as three grants

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Islamic bankers association gets 6 new members

The Association of National Development Finance Institutions in Member Countries of Islamic Development Bank (Adfimi) has accepted the membership of six new banks including a Jordanian lender and two Sudanese banks. The new member

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IDB plans benchmark sukuk issue

Islamic Development Bank (IDB), a Jeddah-based multilateral institution, plans to issue a benchmark-sized Islamic bond or sukuk in around May next year, the bank's President Ahmad Mohamed Ali said. In February, IDB, which has

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EU bank, IDB unit to launch $120m fund

The European Bank for Reconstruction and Development (EBRD) and the private sector arm of the Islamic Development Bank (IDB) will launch a $120 million fund to support small businesses in the southern and eastern Mediterranean region.

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EBRD, IDB unit to launch $120m SME fund

The European Bank for Reconstruction and Development and the private sector arm of the Islamic Development Bank will launch a $120 million fund to support small businesses in the southern and eastern Mediterranean region. The fund

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Morocco refiner Samir gets $240m IDB loan

Morocco's oil refiner Samir has received an Islamic murabaha syndicated loan of $240 million from the Islamic Development Bank (IDB) to finance crude oil imports, it said. The agreement is part of a $720 million package of loa

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