| 03.06.2009 - ADB, IDB to set up $500 mln Islamic infrastructure fund |
| From Reuters: Asian Development Bank and the Islamic Development Bank will set up a $500 million sharia fund to help plug a gap in infrastructure needs in Asian economies, ADB said on Tuesday. The fund, which would be Asia's first major multi-country sharia infrastructure fund, would invest in the 12 countries that are borrowing members of both banks including Afghanistan, Bangladesh, Indonesia, Kazakhstan, Malaysia, Pakistan and Uzbekistan.......Full Article: Source |