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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

ADB to launch multi-billion dollar Islamic MTN programme

Posted on 07 May 2010

From Arabianbusiness.com: The Asian Development Bank (ADB) is considering launching a medium-term note (MTN) programme worth several billions dollar for Islamic bonds, or sukuk, to finance infrastructure in Asia, an official said.
“If we use such an instrument we’re able to tap a wider wealth pool,” Jaseem Ahmed, a director of ADB’s Southeast Asia Department, told Reuters on the sidelines of a conference in Manama……………………………………..Full Article: Source

 
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