The Jeddah-based Islamic Development Bank has picked nine banks for a potential US dollar-denominated Islamic bond issue, a document from the lead managers showed on Monday.
The AAA-rated IDB has mandated CIMB, Deutsche Bank, Firs
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
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
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
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
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 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
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
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
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.