Islamic Finance for Inclusive Growth (ADB-49120-001)

Countries
  • Afghanistan
  • Azerbaijan
  • Kyrgyzstan
  • Pakistan
  • Tajikistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Regional
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 27, 2017

Disclosed by Bank Sep 28, 2016


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Project Description
According to ADB website, the TA will (i) provide resources for gap analysis and legal drafting support to enable improvements in the legal and regulatory environment; (ii) develop Islamic finance regulatory and financial institution capacity in the central banks, securities and exchange commissions and other institutions in the target DMCs to facilitate responsible implementation of Islamic financial products; and (iii) disseminate information on Islamic finance through seminars, conferences and outreach activities to enable both sophisticated investors and lower income individuals to benefit from Islamic finance products.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Farinha Fernandes, Joao Pedro Central and West Asia Department, ADB No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main