Wednesday 4 November 2009

International Finance Corporation lists its first Sukuk on NASDAQ Dubai - Business Intelligence Middle East - bi-me.com - News, analysis, reports

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."

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