World Bank arm debuts Islamic bond listing
On October 21, 2009 · In Debt Bonds, Gulf Cooperation Council (GCC), Islamic Banking, Islamic Bonds, Islamic Finance, Sharia Compliant, Sharia Products, Shariah Boards, Shariah Bonds, Shariah Councils, Shariah Finance, Shariah Law, SUKUK, World Bank
The International Finance Corp., a wing of the World Bank, said Wednesday it would list its first Islamic bond.
The IFC Hilal Sukuk, a greenback-denominated 100 million dollar issue with a five-year maturity, will be listed with the Nasdaq Dubai and Bahrain stock exchanges, the Washington-based corporation said.
The IFC is the first non-Islamic financial institution to issue a Sukuk for term funding in the six-nation Gulf Cooperation Council.
http://uk.news.yahoo.com/18/20091021/twl-world-bank-arm-debuts-islamic-bond-l-3cd7efd.html?
Categories
Archives