| From Arabnews.com: The Jeddah-based Islamic Development Bank (IDB) is gearing up for its latest sukuk offering under its Medium Term Note (MTN) or Trust Certificate Issuance Program, which was officially increased this month from $1.5 billion to $3.5 billion.
The IDB, according to Mohamed Tariq, senior adviser to the President Ahmad Mohamed Ali, was poised to go to the international financial markets in September this year to raise in excess of $850 million in a sukuk issuance under its $3.5 billion MTN Program. September will be a difficult month because it coincides with the end of the holy month of fasting, Ramadan, and the subsequent Eid holidays...........................................Full Article: Source
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