Sukuk

Islamic Development Bank lists $1.5 billion Sukuk on Nasdaq Dubai

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The multilateral lender, which finances development across its 57 member countries, first listed a Sukuk on Nasdaq Dubai in 2014.

Monday 29, April 2019 BY KUDAKWASHE MUZORIWA

Saudi-based Islamic Development Bank (IDB) has listed $1.5 billion Sukuk on Nasdaq Dubai.

The Managers for the Sukuk issuance were Crédit Agricole Corporate, Emirates NBD Capital as well as First Abu Dhabi Bank, Gulf International Bank and HSBC Bank.

Additionally, JP Morgan, Natixis and Standard Chartered Bank also managed the issuance.

The lender’s activities include Shari’ah-compliant sustainable financing structures and fostering collaboration between its member nations to focus on the betterment of humanity.

TAGS : Islamic Development Bank, Sukuk, Crédit Agricole Corporate, First Abu Dhabi Bank, Gulf International Bank, HSBC Bank, JP Morgan, Natixis, Standard Chartered Bank, Shari'ah compliant

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