IslamicFinance.de

The private sector arm of the Islamic Development Bank Group plans to regularly tap Islamic debt capital markets. Regular access to Islamic financing tools is helping the Islamic Corporation for the Development of the Private Sector (ICD) expand its economic development efforts. Last month ICD completed a debut sale of $300 mn worth of five-year sukuk. CEO Khaled Al-Aboodi said two more sovereign deals are expected this year from West African countries in particular to finance infrastructure projects.