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Islamic Development Bank hires banks to raise more than $1 bln in sukuk -sources
The Islamic Development Bank has hired banks to arrange a new issue of U.S. dollar-denominated sukuk, or Islamic bonds, expected to be more than $1 billion in size, said two sources familiar with the matter. The Jeddah-based triple A-rated institution issues sukuk regularly to promote Islamic finance and attract liquidity…
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Click here to read the full story: Reuters