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ADB’s first shariah-compliant project financing explained

Posted on 01 June 2012

The Asian Development Bank (ADB) has participated in its first shariah-compliant project financing for two wind farms in Sindh province, Pakistan. But the use of Islamic financial instruments was not ADB’s first option.
Though ADB has previously provided conventional debt alongside Islamic finance, this is the first time that all aspects have been shariah-compliant………………………………………..Full Article: Source

 
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