ISLAMIC BANKS ESTABLISH 50 MLN DLR TRADE PORTFOLIO The Islamic Development Bank (IDB) and 20 Islamic Banks signed an agreement to establish a 50 mln dlr trade portfolio to finance trade among Islamic countries, IDB sources said. They said IDB's share in the portfolio, which will only finance exports and imports of the private sector, was limited to up to 25 mln dlrs. The sources said shares in the porfolio could be traded or redeemed by the IDB, adding that this was a major step in establishing an Islamic financial market.