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Title: The Nitty Gritty of Supporting Islamic Finance, from MIGA

Language: English

Type: Document

Nature: Institution

Published: January 1, 2011

Region: Sub-Saharan Africa (SSA), East Asia and Pacific (EAP)

Country: Djibouti, Indonesia

Keywords: PPP Tools *, PPP Online Reference Guide **, PPP Basics ***, PPP Reference Guide, Islamic Finance

Document Link(s):

Document Summary:

MIGA recently closed its second transaction supporting a project with an Islamic financing structure—the first was for a port project in Djibouti back in 2007. For this new project, MIGA provided political risk insurance to two financial institutions, Deutsche Bank Luxembourg and Saudi British Bank, for their $450 million financing to the Indonesia telecoms company PT Natrindon Telepon Selular, or NTS.The company is majority-owned by Saudi Telecom, and the deal formed part of an overall $1.2 billion financing to help NTS greatly expand its GSM network in Indonesia.

Document Details:

Moustafa, Hoda Atia. 2011. The Nitty Gritty of Supporting Islamic Finance, from MIGA. Political Risk and Emerging Markets (blog). Multilateral Investment Guarantee Agency. August 1. Website. [#4553]

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