From Kuwaittimes.net: Saudi-based Islamic Development Bank (IDB) said yesterday it planned a $500 million Islamic bonds, or sukuk, issue to finance its 2009 financing program, the first sukuk issue this year in a tightening industry.

“We are planning to go ahead with the issue in the next few months,” the bank’s Chairman Ahmed Mohammed Ali told Reuters on the sidelines of a conference in Riyadh……Full Article: Source