The International Finance Corporation (IFC), a member of the World Bank Group, today listed its first Sukuk on Nasdaq Dubai, the international exchange serving the Middle East.

Jeff Singer, chief executive of Nasdaq Dubai, said: "The launch of the IFC's and the World Bank's first Sukuk and its listing on Nasdaq Dubai are a significant step in the continuing integration of Islamic finance into the global financial system.

“We are delighted to support the Sukuk as its primary listing venue, providing a regulatory structure that promotes transparency for investors and visibility for the issuer."     

Nasdaq Dubai is the world’s largest exchange for Sukuk by listed value, with 21 listed Sukuk valued at $16.7 billion. - TradeArabia News Service