Nasdaq Dubai welcomes listing of USD 1.25 billion Sukuk by Islamic Development Bank
Nasdaq Dubai, the region’s international financial exchange, has welcomed the listing ofa 1.25 billion US dollar Sukuk issued by the Islamic Development Bank (IDB).
It is the eighth Sukuk listing on the exchange by the IDB, making it one of the largest Sukuk issuers by value on Nasdaq Dubai at 9.8billion US dollars. Based in Saudi Arabia, the IDB has 57 member countries and its activities are designed to foster their economic development and social progress.
Nasdaq Dubai provides the IDB and its other regional and international issuers with close links to investors around the world as well as a first class listing infrastructure.Dubai’s Sukuk listings have now reached a total nominal value of 53.31billion US dollars, the highest total of any listing venue in the world.