Islamic Finance: $1 billion dollar Sukuk offer by IsDB

News

Soraya Permatasari of Bloomberg reports that the Jeddah-based Islamic Development Bank, a multilateral development financing institution, will offer $1 billion of Sukuk to “fund development projects in its member countries.”

Sukuk bonds, which are Islamic bonds structured to comply with Shari’ah law, have gained in popularity in recent years and are likely to see a growth in investor participation.