Islamic Development Bank lists $737m sukuk on Nasdaq Dubai
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.