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IDB eyes $1b sukuk for megabank project
Islamic Development Bank (IDB) is seeking partners to bring investment in a Shariah-compliant megabank, as it plans to issue $1 billion worth of Islamic bonds or sukuk in June to fund the project, the bank’s president Ahmad Mohamed Ali said late Tuesday. "IDB practice is usually a five-year issue in…
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Click here to read the full story: Saudi Gazette