Dubai – Mubasher: Nasdaq Dubai on Thursday announced welcoming the listing of $1.25 billion sukuk issued by the Saudi-based Islamic Development Bank (IDB).

This is IDB’s eighth sukuk listing on the region’s international exchange, making it one of the largest sukuk issuers by value on Nasdaq Dubai with a combined $9.8 billion worth, according to a statement.

The Jeddah-based IDB has 57 member countries and its activities are designed to foster their economic development and social progress. 

“Nasdaq Dubai provides the IDB and its other regional and international issuers with close links to investors around the world, as well as a first class listing infrastructure,” the statement said.

Sukuk listings on Nasdaq Dubai have reached $53.31 billion in total, the highest total of any listing venue in the world.