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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Insurance (Takaful) more

Jeddah’s IDB unit launches sovereign Sukuk insurance

Posted on 10 May 2013

The insurance product is designed to boost the credit ratings of sukuk for sovereign issuers. A unit of the Jeddah-based Islamic Development Bank, a multilateral lending institution, has launched an insurance product designed to boost the credit ratings of sukuk (Islamic bonds) for sovereign issuers.
The Islamic Corporation for the Insurance of Investment & Export Credit (ICIEC), rated Aa3 by Moody’s, hopes its insurance policy can help issuers tap into strong investor demand for investment-grade sukuk…………………………………….Full Article: Source

 
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