Nasdaq Dubai has welcomed the listing of a 650 million euro ($736 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; 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 member nations to focus on the betterment of humanity.

Nasdaq Dubai provides IsDB and its other regional and international issuers with a first class listing infrastructure as well as close links to investors around the world.

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 totalling $60.4 billion. – TradeArabia News Service