According to the Development Commission of Almaty Regional Financial Center of Kazakhstan’s National Bank, the Islamic Development Bank (IDB) has allocated $25 million for Kazakhstan farmers. In 11 regions of the country, a series of training seminars…
The Islamic Development Bank (IDB) has given its approval for a loan worth $710-million to implement four projects in Iran. The agreement was reached in the sidelines of the IMF annual meeting in Tokyo. The money will be used for the establishment of t…
This month Islamic Development Bank (IDB) issued a US$500m five-year sukuk. This is a rare example of a privately-placed transaction from this institution. Market data show that the deal was priced at 30 basis points (bps) over the three-month London i…
A Memorandum of Understanding (MoU) has been signed by the World Bank and the Islamic Development Bank (IDB). It will provide a framework for collaboration between the two parties and support global, regional and country efforts in the development of I…
The International Islamic Trade Finance Corporation, which is affiliated with the Islamic Development Bank, is giving Egypt a loan worth US$1.2 billion in total. The loan aims to provide basic and strategic commodities. The second part of this loan, US…
In accordance with his tendency to use his fortune to solve global problems of the world’s underprivileged, Bill Gates has turned to Islamic Development Bank (IDB). The Bill and Melinda Gates Foundation has signed an MOU with IDB which aims to fight …
Islamic Development Bank intends to finance projects worth 1 billion USD in Kasakhstan, thus implementing the country strategy. At the beginning of October a new country strategy of the bank in Kazakhstan will be signed. According to plan, in the follo…
Islamic Development Bank (IDB), based in Jeddah, is willing to spend almost $1 Billion USD for development projects in a number of countries. The sum of $912.8 million USD will be used for projects regarding water, energy, food and security in countrie…
The Asian Development Bank (ADB) has engaged in its first Shariah-compliant project financing, offering assistance to two projects to build wind farms close to the port city of Karachi, exploiting two partial credit guarantees valued up to $66 million …
The IFC and the Islamic Development Bank (IDB) will support the construction of major infrastructure projects across the Middle East and North Africa through an investment of up to $100 million.
The investment is an attempt to stimulate economic growth…
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