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AlHuda Centre of Islamic Banking and Economics (AlHuda-CIBE)
again showed their strength by organizing the "4th International Conference and Exhibition on Islamic Banking and Takaful" on November 02, 2010 at Expo Centre, Lahore, Pakistan. A long awaited event which brought together the scholars and practitioners from all over the globe on platform on one day was organized in the most difficult time of the current period....
 
Exclusive Report "4th International Conference and Exhibition on Islamic Banking and Takaful"
 
 
 
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IDB raises sukuk issue size, Plans to aid Pakistan
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IDB raises sukuk issuance by up to $2 bln
The Islamic Development Bank (IDB) will more than double the size of bonds, or sukuk, issued under an ongoing programme to $3.5 billion to help meet financing needs mainly from flood-ravaged Pakistan.
"(IDB) has successfully updated its Sukuk Trust Certificate Issuance programme and increased the ceiling of the program from $1.5 billion to $3.5 billion," it said in a statement.
"This increase is to facilitate new issuance of sukuk which will be used to finance a planned growth in IDB's operations," it added.
An IDB official said the move would enable the bank to provide loans to Pakistan, hit by massive flooding earlier this year. The World Bank estimates the floods have damaged or destroyed more than 1.8 million homes and displaced over 8 million people.

 
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