Nasdaq Dubai has welcomed the listing of a 650 million euro ($737 million) 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.
IsDB’s activities across its 57 member countries include building partnerships between governments, the private sector and civil society; increasing skills and knowledge sharing; and focusing on science, promoting global development that is underpinned by Sharia-compliant sustainable financing structures.
IsDB’s euro sukuk listing, 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.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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