Red Crescent and Red Cross working on a sukuk
The International Federation of Red Cross and Red Crescent Societies (IFRC) plans to issue a sukuk as part of its fundraising for a water, sanitation and hygiene programme.
The IFRC is a network of national societies fighting to end human suffering. It is now looking to use the capital markets for one of its programmes.It is working with the Islamic Development Bank (IsDB) to create a multi-million dollar fund to fight cholera and other diarrhoeal ...
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