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Islamic Finance Briefing - Categorized | Banking, Finance more

IDB plans several options to raise financing

Posted on 20 July 2009

From Arabnews.com: As demand increases for financing in member countries impacted by the aftermath of the global financial crisis, the Jeddah-based Islamic Development Bank (IDB) is considering several options to raise financing as part of its resource mobilization strategy.
According to Mohammed Tariq, head of treasury at the IDB, the “zero risk Weighting assigned to the IDB under Basel II and EU Parliament directives and the AAA ratings by all three principal international credit rating agencies, means that the IDB is well-placed to attract strong investor demand for its credit.”……….Full Article: Source

 
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