VOL. XLVI

No 33

18-August-2003

BAHRAIN

CAPITAL MARKETS

IIFM Endorses $400Mn IDB Islamic Sukuk Bond Issue

The International Islamic Financial Market (IIFM), headquartered in Bahrain, on 3 August endorsed the $400mn Islamic sukuk bonds being issued by the Solidarity Trust Services Limited and guaranteed by the Islamic Development Bank (IDB MEES, 11 August). The endorsement comes in line with the IIFMs aim to develop the Islamic capital market and ensure the harmonization and standardization of...