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Islamic Finance Briefing - Categorized | Finance, Funds more

CIMB Standard confident of raising US$238mln

Posted on 03 July 2009

From Thestar.com.my: CIMB Standard, the appointed manager and advisor of the new Islamic Infrastructure Fund (IIF), is confident of raising the remaining US$238mil in the next 12 months to meet the targeted fund size of US$500mil.

Currently, the fund size stands at US$262mil, of which US$250mil is to be contributed by joint-sponsors Asian Development Bank (ADB) and Islamic Development Bank (IDB)……….Full Article: Source

 
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