Arab Investment Bank; Islamic Development Bank; Enmaa Leasing Company
Arab Investment Bank and IDB unit launch leasing firm
Mon, 2015-03-30 11:10 — newsdeskAn Islamic leasing firm will be launched by Egypt's Arab Investment Bank and the private sector arm of the Islamic Development Bank an in aim to provide sharia-compliant financing to small businesses. Enmaa Leasing Company for this purpose will have authorized capital of $20 million, according to a joint statement said. The ICD is discussing to debut sovereign Islamic bonds (sukuk) with Nigeria and Ivory Coast.
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