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World Bank unit to raise $100 million in Islamic bonds

October 14, 2009 3:36 by kippreport

The World Bank’s International Finance Corporation is planning to raise around $100 million through Islamic bonds, three bankers familiar with the deal told Reuters on Wednesday. They said HSBC, Dubai Islamic Bank, Kuwait Finance House Bahrain and Liquidity Management House were authorized to organize a “road show for the sukuk,” says the report.

According to the sources, the road show is expected to begin on October 18 and will pass through Riyadh, Abu Dhabi, Dubai and Bahrain.

Tags: Islamic bonds, sukuk, World Bank