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Islamic Development Bank issues $1.5 billion Sukuk
April 9, 2016

The Islamic Development Bank (IsDB) has issued a $1.5 billion five-year Sukuk as part of its $25 billion Sukuk programme.Kuwait state news agency KUNA reports the issuance was arranged by Emirates NBD Capital, Boubyan Bank, Gulf International Bank CIMB, JP Morgan, Natixis and Standard Chartered.…


IDB approves more than US $734 million in financing for new projects
April 9, 2016

The Board of Executive Directors of the Islamic Development Bank (IDB) has approved US $734.7 million in financing for development projects in member countries and Muslim communities in non -member countries. The projects wereapproved during…


Dubai Islamic Bank to distribute 45% cash dividend for 2015
March 9, 2016

Following the conclusion of its Annual General Meeting (AGM), Dubai Islamic Bank (DIB) announced that the assembly has approved the distribution of a 45% cash dividend for 2015, a 12.5% increase from the previous year.The…