Nasdaq Dubai welcomes $1.5bln Sukuk listing by Islamic Development Bank

IDB now has 10 Sukuk listed on the Middle East's international financial exchange

  

Dubai: Nasdaq Dubai welcomed the listing today of a 1.5 billion US dollar Sukuk by Islamic Development Bank (IDB). The listing underlines Dubai’s role as the largest centre globally for Sukuk listings by nominal value currently totaling 60.89 billion US dollars.

IDB now has 10 Sukuk listed on the Middle East’s international financial exchange with a total value of 12.54 billion US dollars. 

The Managers for the Sukuk issuance were Crédit Agricole Corporate and Investment Bank; Emirates NBD Capital, First Abu Dhabi Bank PJSC, Gulf International Bank BSC, HSBC Bank plc, J.P. Morgan Securities plc, Natixis, and Standard Chartered Bank.

About Nasdaq Dubai
Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS).

The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake.  Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).

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