03.11.2009 - IFC takes the lead
From Arabnews.com: Middle East countries including Saudi Arabia, Jordan, Turkey, Iran, Egypt and even Libya have all shied away from raising funds from the Islamic capital market through a debut sukuk issuance citing current market conditions or surplus liquidity as reasons. Yet the International Finance Corporation (IFC), the private sector funding arm of the World Bank Group, has seen fit in going to the market to raise $100 million through a US dollar denominated sukuk issuance..........................Full Article: Source