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Citi wins groundbreaking sukuk work

Posted on 14 January 2010

From Icfamagazine.com: Citi Issuer Services has been appointed as the issuing and paying agent for the first sukuk (Islamic bond) to be cleared through the central securities depositary (CSD) of NASDAQ Dubai.

The $100 million sukuk was issued by the International Finance Corporation (IFC), the investment arm of the World Bank, and listed in November 2009. It is one of 22 sukuk now listed on the Dubai exchange and it is the first to use Dubai‚Äôs CSD to hold its securities…………………………………..Full Article: Source

 
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