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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Islamic Development Bank may hike bond plan to $6bln

Posted on 01 June 2009

From Arabianbusiness.com: The Islamic Development Bank (IDB) said it may raise the size of its Islamic bond program to $6bn to soften the impact of global financial turmoil on its members, which include some of the world’s poorest nations.

“The bank is in great need to issue these sukuk (Islamic bonds) to attract resources from the market and respond to the growing demands it is getting from its member states,” Chairman Ahmed Mohammed Ali told Reuters…….Full Article: Source

 
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