Media ININ Economy We Trust
MEDIA, Dubai, September 27, 2018 (WAM)
NASDAQ Dubai has announced the listing of US $ 1.3 billion Sukuk by the Islamic Development Bank (IDB), one of the largest Sukuk issuers with a total value of US $ 11.8 billion. This is the ninth listing of the Islamic Development Bank (IDB) on NASDAQ Dubai since 2014, with the Multilateral Bank financing development in its 57 member countries. The IDB’s activities include building partnerships between government and private sector and civil society, increasing skills, sharing knowledge, focusing on science, technology and innovation based solutions to development challenges, promoting inclusive development supported by sustainable Sharia-compliant financing structures, and fostering cooperation among all member states to focus on improving humanity. NASDAQ Dubai provides IDB and other issuers in the region and the world with close ties to investors around the world as well as top-tier infrastructure for bond listing. The latest edition of the Islamic Development Bank (IDB), which was announced yesterday, underscores Dubai’s role as the world’s largest value-added facility with a total value of US $ 60.15 billion at present. NASDAQ Dubai is the global stock exchange for the region between Western Europe and East Asia and is receiving issuers from around the world looking to capitalize on regional and international investment opportunities. The stock exchange is currently listing equities, derivatives, sukuks, Islamic bonds, conventional bonds and investment funds. Real estate
