Islamic Development Bank lists $737m sukuk on Nasdaq Dubai

IsDB lists first euro sukuk, has nine dollar sukuk listings on Nasdaq Dubai valued at a total of $11.8bn

Nasdaq Dubai has welcomed the listing of a 650 million euro ($737 million) sukuk by Islamic Development Bank (IsDB).

It is the first euro listing by IsDB, which also has nine dollar sukuk listings on Nasdaq Dubai valued at a total of $11.8 billion.

IsDB’s activities across its 57 member countries include building partnerships between governments, the private sector and civil society; increasing skills and knowledge sharing; and focusing on science, promoting global development that is underpinned by Sharia-compliant sustainable financing structures.

IsDB’s euro sukuk listing, underlines Dubai’s role as a multi-currency listing hub as well as the largest centre globally for sukuk listings by value, currently totaling $60.4 billion.

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