#Islamic Development Bank
The French president hosted world leaders to discuss new ways to support climate financing
The four-day event attracted 4,452 participants from 90 countries as well as 89 organisations working in the field of sustainable development
The committed resources for the fund are aimed at supporting 32 member countries of the bank to achieve 10 of the 17 Sustainable Development Goals
The bank signed off on EUR318m ($344.5m) towards the financing of Phase I of the Electric Express Train Project in Egypt
The bank approved a $1.79m grant for projects in key sectors such as food security, health, transport, energy, urban development, education, water and sanitation
The joint ‘Infra Initiative’ aims to incentivise more private sector investments and mobilise funding for utility projects
IsDB is now the largest supranational sukuk issuer on Nasdaq Dubai with a total value of $18.8bn through 13 issuances listed on the exchange since 2016
Participating universities will be announced over the coming months
The total value of the bank’s sukuk listed on Nasdaq Dubai stands at $17.14bn
The Islamic banking sector grew 14 per cent in 2019, equating to $1.99 trillion in global assets
The five-year sukuk was oversubscribed nearly three times
The AAA-rated sustainability sukuk is the first Covid-19 related sukuk in the global capital markets