29.05.2009 - Islamic Dev. Bank may hike bond to $6 bln
From Maktoob.com: The Islamic Development Bank (IDB) said it may raise the size of its Islamic bond program to $6 billion to soften the impact of global financial turmoil on its members, which include some of the world's poorest nations. "The bank is in great need to issue these sukuk (Islamic bonds) to attract resources from the market and respond to the growing demands it is getting from its member states," Chairman Ahmed Mohammed Ali told Reuters.......Full Article: Source