The Islamic Development Bank, a key arm of Saudi Arabia’s Salafi dawah programs around the world, plans to issue $5 billion in sukuk (also known as Islamic bonds) over the next 5 years.

The Islamic Development Bank has been quite active in pushing Islam out to the rest of the world by using financial leverage, something which sounds identical to the whole philosophy behind Shariah Finance…

http://www.menafn.com/qn_news_story_s.asp?StoryId=1093302166

 

Comments are closed.

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!