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Islamic Finance Briefing - Categorized | Banking, Market Moves more

IDB urged to make trade financing more competitive

Posted on 11 July 2011

The Turks, like the Egyptians, Tunisians, Iranians and several other member countries would like the multilateral development bank of the Muslim world to further improve the competitiveness of its mark-up policy and to extend the maturities for its Commodity Murabaha and Installment Sale facilities used especially in trade finance.
Egypt’s alternative governor to the IDB, Sameer Sayyad, was even more to the point strongly urging “a periodic review of the IDB Group’s pricing policy and its mobilization of resources at competitive prices, to help reduce the cost of financing projects in member countries, under conditions as easy as those applied by similar financing institutions.”………………………………………Full Article: Source

 
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