In January, ICD signed a shareholder agreement with the PE arm of IL&FS to launch an Africa-focused infrastructure fund with $105 million in seed capi
The bank is currently in discussions to attract financial contributions to the new funds and also for selecting external managers.
The deal is one of the largest Islamic finance transactions that involve hotel assets.
IPOs & Markets
In February, Indonesia became the first Asian country to sell "green" bonds internationally in a $1.25 billion deal.
Its cryptocurrency product, dubbed GOLDX, was launched at the end of last year.
The blockchain venture would tap into a vast but underutilised pool of assets across the Muslim world.
Leading the way for new funding options for local firms
Governments across Asia are increasingly viewing sukuk as a viable funding option, with Hong Kong open to tap the market for a third time while Sri La
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