London Stock Exchange welcomes The Islamic Development Bank for the Sukuk Summit 2018
London Stock Exchange Group today welcomes The Islamic Development Bank (IsDB), one of the world's largest multilateral development banks. The IsDB brings together 57-member countries across four continents - touching the lives of 1 in 5 of the world's population – with an annual volume of operations above $10 billion and subscribed capital of $33 billion.
H.E. Dr. Bandar Hajjar, President of the Islamic Development Bank, will be joined by the Rt. Hon Sadiq Khan, Mayor of London, for the Market Opening ceremony. The President will then host the half-day 2018 Sukuk Summit at London Stock Exchange – in partnership with the UK Government and London Stock Exchange Group.
H.E. Dr. Bandar Hajjar, President of the Islamic Development Bank, said:
"We called this Summit to bring together experts and investors from across the world to look in depth at the Sukuk. Sukuk are based on risk sharing contracts backed by real assets. We want to explore the great growth and investment opportunities that this product offers the whole finance industry - here in the UK, in our Member Countries and across the world."