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Media in Dubai 28-04-2019 / WAM /
NASDAQ Dubai today welcomed the listing of US $ 1.5 billion worth of Sukuk by the Islamic Development Bank (IDB). This listing underscores Dubai’s role as the world’s largest Sukuk listing facility with a nominal value of US $ 60.89 billion.
The Islamic Development Bank now has 10 sukuk insurances with a total value of US $ 12.54 billion.
The Multilateral Bank, which finances development in all 57 member countries, has listed its first Sukuk in NASDAQ Dubai in 2014.
The activities of the IDB include the conclusion of partnerships between governments, the private sector and civil society, the enhancement of skills, the exchange of knowledge and the focus on science, technology and innovation-based solutions to overcome development challenges and promote global development based on Shariah-compliant financing structures and support among Member States to focus on human reform.
Managers included Credit Agricole Corporate & Investment, Emirates NBD Capital, First Abu Dhabi Bank, Gulf International Bank, HSBC, JP Morgan Securities, Natixis and Standard Chartered Bank.
