Islamic Development Bank to Provide $60 Million to Pakistan for Polio Vaccine
Islamic Development Bank (IsDB) will provide financing of $60 million to Pakistan for the polio vaccine, including a $21 million ‘Lives and Livelihood Fund (LLF)’ grant.
Economic Affairs Division, on behalf of the government of Pakistan, signed a financing agreement with the representative of IsDB for the financing of $60 million.
This amount comprises a $39 million loan and a $21 million LLF grant by the IsDB. These funds will be utilized for polio vaccination.
Noor Ahmed, Secretary Economic Affairs Division, appreciated IsDB’s support to Pakistan for Polio Eradication Program (2019-2021). He said, “Today, we celebrate the long-standing partnership with the Islamic Development Bank. Over the years, we have received consistent support from the bank to keep up the fight for a polio-free Pakistan. We also thank partners of Lives & Livelihood Fund (LLF) for allocation of grant for this cause.”
CBN to charge protection fees on non-interest securities
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Non-Interest Securities: CBN to charge protection fees
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AIX Welcomes IsDB Sukuk Listing To Expand The Range Of Islamic Instruments Date
28/12/2020
Astana International Exchange (“AIX”, “Exchange”) is pleased to announce the cross-listing of three Sukuk issuances of the Islamic Development Bank (IsDB). The Shari’ah-compliant, fixed-income instruments were issued through IDB Trust Services Limited, its Special Purpose Vehicle (SPV) during the course of 2019-2020 under IsDB’s Medium-Term Note (MTN) program of US$ 25 billion. The securities have previously been admitted to trading on Euronext Dublin, Nasdaq Dubai and Bursa Malaysia (under the Exempt Regime).
The listed instruments comprise of three 5-year maturity tranches of EUR 1 billion (Green Sukuk), US$ 1.5 billion (Sustainability Sukuk) and US$ 2 billion (traditional Sukuk).