DUBAI, 8th December, 2016 (WAM) -- The Islamic Development Bank, IDB, listed a US$1.25 billion Sukuk today on Nasdaq Dubai, the regions international financial exchange.

It is the seventh Sukuk listing on the exchange by the IDB, making it the largest Sukuk issuer on Nasdaq Dubai at 8.55 billion US dollars. Altogether, Nasdaq Dubai has 56 Sukuk listings totalling US$43.96 billion, making it the largest exchange in the world for Sukuk by value.

Based in Saudi Arabia, the IDB has 57 member countries and its activities are designed to foster their economic development and social progress. Nasdaq Dubai provides the IDB and its other regional and international issuers with close links to investors around the world as well as a first class listing infrastructure.

Copyright Emirates News Agency (WAM) 2016.