Dubai – Nasdaq Dubai has welcomed the listing of a 650 million euro Sukuk by Islamic Development Bank (IsDB). It is the first euro listing by IsDB, which also has nine dollar Sukuk listings on Nasdaq Dubai valued at a total of 11.8 billion US dollars.
IsDB’s activities across its 57 member countries include building partnerships between governments, the private sector and civil society; increasing skills and knowledge sharing; focusing on science, technology and innovation led solutions to development challenges; promoting global development that is underpinned by Sharia-compliant sustainable financing structures; and fostering collaboration between its members nations to focus on the betterment of humanity.
Nasdaq Dubai provides IsDB and its other regional and international issuers with a first class listing infrastructure as well as close links to investors around the world.
IsDB’s euro Sukuk listing, which took place on November 7, 2018, underlines Dubai’s role as a multi-currency listing hub as well as the largest centre globally for Sukuk listings by value, currently totaling 60.4 billion US dollars.
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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