ADB and IDB to set up Islamic infrastructure fund
The Asian Development Bank (ADB) and the Islamic Development Bank (IDB) today agreed to set up Asia’s first major multi-country Islamic infrastructure fund.
The Islamic Infrastructure Fund, targeted at $500 million, will make Shari’ah-compliant equity investments in the 12 countries that are borrowing members of both development banks; currently Afghanistan, Azerbaijan, Bangladesh, Indonesia, Kazakhstan, Kyrgyz [...]
