IFC lists its first Sukuk on NASDAQ Dubai 

(MENAFN - Khaleej Times) The International Finance Corporation, or IFC, a member of the World Bank Group, on Wednesday listed its first Sukuk on NASDAQ Dubai — the international exchange serving the Middle East.

"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," said Jeff Singer, Chief Executive of NASDAQ Dubai.

"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.

"DIFC is delighted that the IFC and World Bank Group selected NASDAQ Dubai as the primary listing venue for its first sukuk issue. As the first non-Islamic financial institution to issue a sukuk for term funding in the GCC, this truly is a ground breaking transaction and clearly demonstrates the growing importance of the region within the global financial system," said Dr.Omar bin Sulaiman, Governor of the Dubai International Financial Centre and Vice-Chairman of the UAE Central Bank."