Middle East Economic Survey


No 43



IFC To List Its First Sukuk In The GCC Market

International Finance Corporation (IFC), the public sector unit of the World Bank, announced on 21 October that it will list its first sukuk (Islamic finance investment certificates) with the Nasdaq Dubai and Bahrain stock exchanges. IFC is expected to list the Hilal Sukuk around the end of October, with price guidance at 35-45 bps more than five-year US Treasuries. The sukuk will be a...