Saudi-based Islamic Development Bank plans $850 million Sukuk Issue
On December 19, 2009 · In Islamic Bonds, Islamic Development Bank, Saudi Arabia, Shariah Bonds, SUKUK
Saudi-based Islamic Development Bank (IDB) plans to issue Islamic bonds, or sukuk, in the first half of next year worth around $850 million.
Note: IDB is the mechanism by which the Sauds buy influence in the Organization of the Islamic Conference nations.
http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=266718
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