Islamic Development Bank issues $1.7bln assets on Nasdaq Dubai

This is the second issue that Islamic Development Bank has listed on Nasdaq Dubai since the start of the year

  
Nasdaq Dubai welcomes listing of USD 2.5 billion Sustainability Sukuk by Islamic Development Bank, the multilateral lender which finances development across its 57 member countries. Image courtesy Dubai Media Office Twitter handle. Image used for illustrative purpose.

Nasdaq Dubai welcomes listing of USD 2.5 billion Sustainability Sukuk by Islamic Development Bank, the multilateral lender which finances development across its 57 member countries. Image courtesy Dubai Media Office Twitter handle. Image used for illustrative purpose.

RIYADH: The Islamic Development Bank listed SR63.76 billion ($1.7 billion) worth of financial instruments on Nasdaq, the Dubai-based stock exchange.

The new listing sets out the Islamic Development Bank as the largest international multilateral financial institution which issues instruments on Nasdaq Dubai through 13 issues since 2016 estimated at around SR70.5 billion, according to the Saudi Press Agency.

This is the second issue that Islamic Development Bank has listed on Nasdaq Dubai since the start of the year, where the IDB had previously listed SR9.3 billion in instrument issues last April.

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