8 Jun 2009 - 20:58 by Local Press Report
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Indonesia, JAKARTA
The Asian Development Bank (ADB) and the Islamic Development Bank (IDB) agreed to set up the first major multicountry Islamic infrastructure fund in Asia. The fund is expected to reach $500 million USD. It will provide sharia-compliant equity investments in 12 Asian countries that are borrowing members of both development banks — Afghanistan, Azerbaijan, Bangladesh, Indonesia,