Middle East Economic Survey

VOL. LII

No 45

9-Nov-2009

REGIONAL

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...