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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

ICIEC approves new Sukuk insurance product

Posted on 24 April 2013

The Sovereign Sukuk Insurance Policy was approved by the Board of Directors of the Islamic Corporation for Insurance of Investment and Export Credit (ICIEC) at a recent meeting held at the Islamic Development Bank’s headquarters in Jeddah.
Under the Chairmanship of Dr. Ahmed Mohamed Ali, President of the Islamic Development Bank Group, the Board authorised the ICIEC to launch the product, which will insure Sukuk investors against default on Sukuk issued by Sovereign entities of member countries………………………………………..Full Article: Source

 
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