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Description |
The transaction is an equity investment of up to $100 million in the Islamic Infrastructure Fund, which will make strategic Shari'-ah-compliant investments in infrastructure projects that have membership in both ADB and Islamic Development Bank (IDB). |
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Objectives and Scope |
The Fund's strategy will be to make strategic Shari'ah-compliant investments in infrastructure projects in countries that have memberships in both ADB and Islamic Development Bank (IDB), namely: Afghanistan, Azerbaijan, Bangladesh, Indonesia, Kazakhstan, Kyrgyz Republic, Malaysia, Maldives, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan. The investment objective of the Fund Manager is to generate attractive financial returns across an anticipated portfolio of investments by collaborating with credible, experienced partners to invest in a diversified portfolio of cash-yielding, capital growth-oriented infrastructure investments including greenfield projects. |
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Linkage to Country/Regional Strategy |
This project aims to establish, along with the Islamic Development Bank, a Shari'ah-compliant private equity fund, to invest in infrastructure projects throughout member countries common to the two institutions. The initiative proposed in this transaction is in line with ADB's strategic priorities, which include the provision of infrastructure financing throughout its developing member countries. ADB will take an increasingly catalytic role in mobilizing private sector resources and in facilitating public-private partnerships in the provision of infrastructure. |
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