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IFC Sukuk receives most innovative Islamic bond deal award

Posted on 26 April 2010

From Ifc.org: Today IFC announced it received the EMEA Finance Most Innovative Islamic Bond Deal award for its groundbreaking $100 million Hilal Sukuk (Islamic investment certificates).

On October 21, 2009, IFC became the first non-Islamic financial institution to issue a Sukuk for term funding in the Middle East. The IFC Sukuk supports a pipeline of IFC Islamic finance projects in key sectors such as health, education, and infrastructure…………………………………..Full Article: Source

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