16 May, 2024Nasdaq Dubai Approves USD 2 billion Sukuk Issuance by Islamic Development Bank
Nasdaq Dubai, the region's international financial exchange, welcomed the admission of USD 2 billion Sukuk by the Islamic Development Bank (IsDB).
The Sukuk issuance, valued at USD 2 billion Trust Certificates and maturing in 2029, is part of the USD 25 billion Trust Certificate Issuance Programme. With this listing, the total outstanding value of their Sukuk listings on the exchange add up to USD 13.90 billion. The Bank is the second biggest issuer on Nasdaq Dubai.
The listing highlights Nasdaq Dubai’s status as a leading platform for Sukuk listings, with the total value of Sukuk admitted on the exchange reaching USD 89.4 billion. This reaffirms the pivotal role Nasdaq Dubai is playing in facilitating growth, diversification and innovation within the Islamic finance sector.
Nasdaq Dubai, formerly DIFX, is the international financial exchange in the Middle East. It allows companies to benefit from a unique investor pool that combines regional and international wealth, making it a globally unique platform for companies to raise money and for investors to find exciting opportunities.
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