IsDB Restates Commitment to Fostering Dialogue on Climate Action

As the COP27 summit begins this week in Egypt, the largest international climate summit the Islamic Development Bank, IsDB last week restated its commitment to continue fostering dialogue and solutions for the global Climate Action. It will fully participate at the event and help shape a resilient and sustainable future for all.

ICIEC to Focus on Transactions Around Renewable Energy, Sustainable Transportation at COP27

The Islamic Corporation for the Insurance of Investments and Export Credit, ICIEC in a statement last week said it will prioritize discussions around renewable energy, sustainable transportation and improving food security amongst member countries at the COP27 summit in Egypt.

IsDB Invests over $4bn in Agriculture and Rural Development

At the just concluded Africa Investments Forum in Abidjan, Cotedvoire Engr. Hanem Sonbol CEO of the Islamic Trade Finance Corporation, revealed that the IsDB is currently investing more than $4bn in agriculture and rural development, with $ 1.74bn (80 projects) in Africa accounting for 41% of total agriculture project financing.

He also noted that Arab countries are ready to expand trade with African countries, to achieve growth and development.

Sukuk Issued in Domestic Markets Reached $144.3bn in 2021-Islamic Finance Gateway

Sukuk issued in the domestic markets reached $144.3bn in 2021, increasing by 56% since 2018. Islamic Finance Gateway revealed from its latest report. 

According to the IFG Malaysia, Saudi Arabia, Turkey, Indonesia and Pakistan were the dominant players in the market.

GCR Affirms Jaiz Bank Plc’s Issuer Ratings of BBB- and A3 Respectively: Outlook Revised to Positive from Stable

GCR Ratings last week affirmed Jaiz Bank Plc’s national scale long and short-term issuer ratings of BBB-_(NG) and A3_(NG) respectively; with the Outlook revised to Positive. 

The positive outlook attached to the ratings of Jaiz Bank Plc reflects the possibility of a strengthening in capital should planned equity injections materialise.

WATCH VIDEO