Nasdaq Dubai welcomes listing of US$1.25 billion Sukuk by Islamic Development Bank

DUBAI, 13th April, 2017 (WAM) -- Nasdaq Dubai, the region’s international financial exchange, has welcomed the listing of a US$1.25 billion 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 $9.8 billion. Based in Saudi Arabia, the IDB has 57 member countries and its activities are designed to foster their economic development and social progress. Dubai’s Sukuk listings have now reached a total nominal value of $53.31 billion, the highest total of any listing venue in the world. http://wam.ae/en/details/1395302608408