Middle East North Africa - Financial Network

Demand More is a registered trade mark of MENAFN.COM

 
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search News: advanced

IFC lists its first Sukuk on NASDAQ Dubai  Join our daily free Newsletter

MENAFN - Khaleej Times - 05/11/2009
Digg This Article: IFC lists its first Sukuk on NASDAQ Dubai Share This Article: IFC lists its first Sukuk on NASDAQ Dubai Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!

 


(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."

 




  MENA News Headlines
Feb 9 2010EAD, Iraqi ministry sign MoU, Khaleej Times
(MENAFN - Khaleej Times) The Environment Agency Abu Dhabi (EAD) and the Iraqi Environment Ministry have signed a memorandum of understanding for the restoration and sustainable preservation of the...
Feb 9 2010Qatar: QR33m road project for Al Wakra, The Peninsula
(MENAFN - The Peninsula) The Public Works Authority (Ashghal) has launched a project worth QR33m to develop roads linking Al Wakra town with the under-construction Barwa Village. ...
Feb 9 2010Qatar- Car prices set to see steep fall, The Peninsula
(MENAFN - The Peninsula) With their sales having dipped to record lows last year, automobile dealers in the country are busy mulling ways to get rid of unsold 2009 stocks. ...
Feb 9 2010UAE- Should There be Licences for Teachers?, Khaleej Times
(MENAFN - Khaleej Times) Thinning interest among UAE nationals to pursue education degrees and high turnover of teachers are cause for concern, but experts feel the situation can be remedied by...
Feb 9 2010PTRC: 64% of Jordan citizens willing to pay higher transport fares, Jordan Times
(MENAFN - Jordan Times) Around 64 per cent of citizens are willing to pay higher fares in exchange for better public transport services, according to a recent poll conducted by the Public Transport...
Feb 9 2010Moody's: Kuwait $100b plan to spur non-oil sectors, MENAFN
(MENAFN) A report issued by Moody's Investor Service said that Kuwait's $100 billion development plan, passed by the parliament earlier this week, is expected to bolster the country's non-oil private...
Feb 9 2010Jordan- Gov't not lifting water subsidy, Jordan Times
(MENAFN - Jordan Times) The government has no plans to lift water subsidies or increase water tariffs, a government official said on Monday. A water official, who preferred to remain unnamed...
Feb 9 2010Jordan- Gov't might lift subsidies, Jordan Times
(MENAFN - Jordan Times) The government has not yet decided to lift subsidy on gas cylinders, pending a final decision on a bundle of austerity and other measures designed to address a challenging...
Feb 9 2010Jordan- IFP announces agenda for 2010, Jordan Times
(MENAFN - Jordan Times) International Fairs and Promotions Company (IFP) announced on Monday its agenda for 2010 which includes five specialised exhibitions to be held in Amman...
Feb 9 2010IMC-Jordan to release set of new services, Jordan Times
(MENAFN - Jordan Times) IMC-Jordan (Institute of Management Consultants and Trainers of Jordan) announced on Monday that it will be releasing a new set of services for their members to effectively...
more...


 
IIRME_Stnd_Feb8



Google

Terms of Service  |   Privacy Policy  |   Contact Us |   Advertise  |   About MENAFN  |   Career Opportunities  |   Feedback
Copyright ©2000 All Rights Reserved.