IDB $10bn sukuk plan to lift Dubai’s global Islamic finance ambitions | The National:
"A planned US$10 billion rolling programme of sukuk issues by the Islamic Development Bank (IDB) will be a major boost for Dubai’s ambitions to be a global hub of the Islamic economy, financial experts predict.
The IDB announced it had sought the approval of regulators at the Nasdaq Dubai stock exchange for the series of Sharia-compliant bond issues, which could begin trading over the next year. It would more than double the value of sukuk listed on Nasdaq Dubai so far this year.
The IDB announced the programme after the World Islamic Economic Forum in London last week, where it was also decided that the next forum would be held in Dubai in 2014."
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