Tuesday 19 March 2024
 
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Islamic Development Bank

Dentons plays key role in $740m Saudi bank sukuk

Dentons, a leading global law firm, said it had advised Islamic Development Bank (IsDB) on the issuance of €650 million ($740 million) trust certificates due for 2023 under its $25-million Trust Certificate Issuance Programme, which was pre

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IDB urges adoption of its PPP model

The Islamic Development Bank’s (IDB) first Public-Private Partnership (PPP) Forum held recently in Riyadh, Saudi Arabia has called for adopting its namesake model handle the challenges of socioeconomic development in the bank’s membe

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IDB agrees $790m for new development projects

The Islamic Development Bank (IDB) has approved $790 million for new development projects in member countries as well as education and professional training for Muslim communities in non-member countries, a report said. The approv

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IDB lists $1.25 billion sukuk on Nasdaq Dubai

The Islamic Development Bank (IDB) listed a $1.25 billion Sukuk today (December 8) on Nasdaq Dubai, the region’s international financial exchange.   It is the seventh Sukuk listing on the exchange by the IDB, making it

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Islamic Development Bank to raise $1.5bn in new bond

Jeddah-based Islamic Development Bank will raise $1.5 billion from a five-year sukuk issue that it will price later, a document from arrangers showed. The deal will carry pricing of 50 basis points over midswaps, according to the

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IDB agrees $593m funding for four nations

Saudi Arabia-based Islamic Development Bank has approved $593 million in funding for development projects in Kazakhstan, Gabon, Benin and Turkey, the bank said in a statement on Tuesday. It also agreed to provide a grant to study

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Saudi IDB increases sukuk programme to $25bn

Islamic Development Bank (IDB) has increased the ceiling of its Islamic bonds (sukuk) programme to $25 billion from $10 billion, as it aims to expand its financing across member countries, said the Jeddah-based lender. An expanded

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IDB eyes use of Islamic finance in AIIB

The Islamic Development Bank (IDB) is in discussions with Chinese officials to study the use of Islamic financing in the planned Asian Infrastructure Investment Bank (AIIB), the head of the Jeddah-based multilateral lender told Reuters.

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IDB unit to lead manage $480m Ivory Coast sukuk

The Islamic Corporation for the Development of the Private Sector (ICD), an arm of the Jeddah-based Islamic Development Bank, said it would lead manage a 300 billion CFA franc ($480 million) Islamic bond programme for Ivory Coast.

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IDB unit to raise $1.2 billion in Islamic financing

The private sector arm of the Jeddah-based Islamic Development Bank (IDB) plans to tap Islamic capital markets to raise as much as $1.2 billion in long-term funds during its current financial year, its chief executive said. The Is

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