"Islamic Development" lists sukuk of $ 2 billion in NASDAQ Dubai

According to the Emirates News Agency, the Islamic Development Bank's Sukuk listed on NASDAQ Dubai - which were priced on an annual profit rate of 1.809 percent for five years - are the largest ever in terms of value, making the bank the leader in issuing sukuk by value in the stock market with a total value It is 15.64 billion USD.

The bank’s first bond listing on the stock market amounted to US $ 1 billion, which was listed in 2015, with a total of 12 listings so far. These listings include three instruments worth US $ 1.5 billion each, instruments worth US $ 1.3 billion and four instruments valued at US $ 1.25 billion. US each, 650 million euros in sukuk, and 1.1 billion euros in sukuk.

The activities of the Islamic Development Bank in the 57 member countries include establishing cooperative partnerships between the government and private sectors and civil society, developing skills and promoting knowledge exchange and focusing on science and technology and innovation-based solutions to meet the challenges that hinder development in addition to promoting global development supported by sustainable financing structures compatible with Sharia Islamic.

Dubai is one of the world's largest centers for listing Sukuk by value, with a total value at the moment of $ 68.355 billion.