Nasdaq Dubai welcomes listing of $1.5bln Sukuk by Islamic Development Bank – ZAWYA

Nasdaq Dubai welcomes listing of $1.5bln Sukuk by Islamic Development Bank – ZAWYA

Nasdaq Dubai welcomes listing of $1.5bln Sukuk by Islamic Development Bank | ZAWYA MENA Edition HomeMarketsCurrenciesArticleNasdaq Dubai welcomes listing of $1.5bln Sukuk by Islamic Development Bank The Sukuk is the second to be issued under IsDB's Sustainable Finance Framework    Nasdaq Dubai welcomes listing of $1.5 billion Sukuk by Islamic Development Bank to support COVID-19 relief initiatives. The capital raised will fund medical, social and business projects in many of the bank's 57 member countries aimed at protecting health and improving lives. Image courtesy Dubai Media Office Twitter handle.DUBAI- Nasdaq Dubai welcomed the listing today of a 1.5 billion US dollar Sukuk issued by Islamic Development Bank, IsDB, to support COVID-19 relief initiatives. The capital raised will fund medical, social and business projects in many of the bank's 57 member countries aimed at protecting health and improving lives.The Sukuk is the second to be issued under IsDB's Sustainable Finance Framework, following its debut Green Sukuk last year and is the first ever AAA-rated Sustainability Sukuk in addition to being the first COVID-19 related Sukuk in the global capital markets. It brings the number of IsDB Sukuk listed on the region's international exchange to 12 with a total value of 16.14