10.05.2013 - Jeddah’s IDB unit launches sovereign Sukuk insurance
The insurance product is designed to boost the credit ratings of sukuk for sovereign issuers. A unit of the Jeddah-based Islamic Development Bank, a multilateral lending institution, has launched an insurance product designed to boost the credit ratings of sukuk (Islamic bonds) for sovereign issuers. The Islamic Corporation for the Insurance of Investment & Export Credit (ICIEC), rated Aa3 by Moody’s, hopes its insurance policy can help issuers tap into strong investor demand for investment-grade sukuk...........................................Full Article: Source
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