44.9 C
Tunisia
Monday 21 June 2021
HomeNewsTunisia: IDB to hold 25% stake in Zitouna Bank

Tunisia: IDB to hold 25% stake in Zitouna Bank

The Islamic Development Bank (IDB) will hold 25% stake in the Zitouna Bank.

Founded in 2009, the bank offers products and services consistent with the principles of Islamic finance including Murabaha, Ijara and Moudharaba.

Ahmed Mohammed Ali Al-Madani, President of the Islamic Development Bank (IDB), who is paying an official visit to Tunisia, announced also a new strategy of cooperation with Tunisia under which IDB pledges 1.2 billion dollars over the period 2013-2015.

This program will cover the financing of infrastructure projects, contributing to the Maghreb integration and technical cooperation between Tunisia and sub-Saharan Africa in the areas of health, education and trade.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS