NASDAQ Dubai today welcomed, in a statement that Namazone shared a copy of, with the inclusion of $ 1.5 billion in sukuk by the Islamic Development Bank, This listing confirms Dubai's role as the largest center Globally for sukuk listings in nominal terms, which currently total US $ 60.89 billion.
In contrast, the Islamic Development Bank now has 10 Sukuk listings on the stock exchange, with a total value of $ 12.54 billion.
Islamic Development Bank activities include concluding companies between governments, the private sector, and civil society; enhancing skills and exchanging knowledge; focusing on science, technology and innovation-based solutions to overcome Development challenges; fostering global development based on sustainable financing structures in accordance with Sharia law; and supporting cooperation among member states to focus on human reform.
The statement added the managers of this release, which included Credit Agricole Corporate and Investment Bank, Emirates NBD Capital; First Abu Dhabi Bank, Gulf International Bank, HSBC Bank, GB Morgan Securities, Natexis, Standard Bank Chartered.
It is noteworthy that the Multilateral Bank, which finances development in all 57 member countries, listed its first Sukuk in NASDAQ Dubai in 2014.
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