The International Finance Corp., a wing of the World Bank, said Wednesday it would list its first Islamic bond.

The IFC Hilal Sukuk, a greenback-denominated 100 million dollar issue with a five-year maturity, will be listed with the Nasdaq Dubai and Bahrain stock exchanges, the Washington-based corporation said.

The IFC is the first non-Islamic financial institution to issue a Sukuk for term funding in the six-nation Gulf Cooperation Council.

http://uk.news.yahoo.com/18/20091021/twl-world-bank-arm-debuts-islamic-bond-l-3cd7efd.html?

 

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