Posts Tagged ‘sukuk’

Microfinance Focus, Nov. 18, 2009: IFC has asserted that strategic investments in Gulf Cooperation Council countries can strengthen financial markets and promote economic development in the Middle East and North Africa. “Our investments in the Gulf Cooperation Council capital markets create opportunities across the region while providing productive outlets for excess savings generated by oil-producing countries,” said Lars Thunell, IFC Executive Vice President and CEO, at ... Full story

Microfinance Focus, Oct. 21, 2009: International Finance Corporation, the investing arm of World Bank group, on Wednesday announced that it will list its first Sukuk (Islamic finance investment certificates) with the Nasdaq Dubai and Bahrain stock exchanges. The IFC Hilal Sukuk will be a dollar-denominated $100 million non-amortizing issue with a five-year maturity. It will help develop the region’s nascent Sukuk market and encourage other ... Full story