Mubasher: Nasdaq Dubai on Sunday announced listing the $1.25 billion sukuk for the Islamic Development Bank (IDB).
This new listing raises the number of IDB’s sukuk on the Dubai-based exchange to nine, while their total value amounts to $11.5 billion, prompting the Jeddah-based bank to lead sukuk issuers on Nasdaq Dubai.
The sukuk support the bank’s plans for achieving social and economic progress, Nasdaq Dubai and IDB said in a joint statement.
IDB provides services in various fields such as financial assistance for member countries, giving loans for productive projects in the fields of agriculture and infrastructure project rural development, housing, hospitals, roads, schools, and dams for governmental and private sectors.
