Middle East Economic Survey
IFC Lists Its First Sukuk On Nasdaq Dubai
International Finance Corporation (IFC), the public sector unit of the World Bank, listed on 4 November its first sukuk (Islamic finance investment certificates) on Nasdaq Dubai, the international exchange serving the Middle East. The Hilal Sukuk, announced around the end of October, has price guidance at 3545 bps more than fiveyear US Treasuries. The sukuk is a dollardenominated $100mn non...