Saturday, 28 June 2014

ICD hopes to cap year with mandate for $1b Pakistan sukuk | GulfNews.com

ICD hopes to cap year with mandate for $1b Pakistan sukuk | GulfNews.com:



"The private sector arm of the Islamic Development Bank announced a flurry of initiatives this week and hopes to advise on the mandate for Pakistan’s $1 billion (Dh3.67 billion) Islamic bond, which would cap a landmark year for the Jeddah-based institution.



The Islamic Corporation for the Development of the Private Sector (ICD) and Karachi-based Burj Bank have applied to be advisers on the sovereign deal, meeting with Pakistan’s finance ministry earlier this week.



A ministry statement also said that it would review the applications starting next week.
"



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