Islamic Development Bank considering sukuk programme in Dubai | Reuters:
"The Jeddah-based Islamic Development Bank (IDB) is considering setting up an Islamic bond issuance programme in Dubai, in what would be a boost to the emirate's ambitions to become a global centre for Islamic business.
It would be only the third such programme from the AAA-rated IDB, an international institution which has 56 member countries and promotes economic development in Muslim countries and communities. It would be the IDB's first sukuk programme in a Middle Eastern country.
While discussions are at an early stage, the IDB has seen growing demand for its sukuk and already plans to expand its main London-listed programme to $10 billion from the current $6.5 billion."
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