| A number of airlines have started to use Islamic finance structures |
THE ISLAMIC DEVELOPMENT Bank (IDB) has the lowest ratio of net development-related assets to shareholders’ equity and the best liquid assets to gross debt ratio of all the multilateral development banks.
According to credit rating agency Standard & Poor’s, which rates it AAA, the IDB could write off all its receivables and investments and remain solvent without a capital call.
Although this strength is impressive it also indicates that the bank is simply not providing enough development assistance – it is sitting on a pile of cash it doesn’t know how to mobilize.
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