Dubai: Nasdaq Dubai has welcomed the listing today of a one billion euro green Sukuk by Islamic Development Bank (IsDB), the multilateral lender which finances development across its 57 member countries.
It is IsDB’s first green Sukuk, issued under its Sustainable Finance Framework. It is also the third Sukuk listing this year on the region’s international exchange by IsDB, following two listings of 1.5 billion US dollars each in April and October.
IsDB has 11 Sukuk currently listed on Nasdaq Dubai with a total value of 13.65 billion US dollars.
IsDB’s activities across its 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.
IsDB’s latest Sukuk is the second to be listed in euros by the bank on Nasdaq Dubai, underlining the exchange’s role as a multi-currency listing hub. Dubai is one of the largest centres globally for Sukuk listings by value, currently totaling 65.4 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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