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Jeddah-based IDB targets 15% rise in loans, sukuk

Posted on 09 March 2009

From Arabianbusiness.com: The Islamic Development Bank aims to increase its lending this year by 15 percent from $4.5bn in 2008, helped by raising funds from a planned sharia-compliant bond, its president said on Monday.

“This year, actually, our plan is to increase (lending) 15 percent but probably it depends on our ability for mobilisation of resources, as you know the market is not clear,” Ahmad Mohamed Ali, president of the IDB, told reporters….. Full Article: Source

 
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