Nov 11 2013
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RAK Capital Sukuk listed on Nasdaq Dubai
Monday, Nov 11, 2013
It was the ninth Sukuk listing on Dubai’s exchanges so far this year. This brought the total nominal value of all the listed Sukuk to $12.58 billion (Dh46.2 billion), the third highest amount in the world, underlining the growing success of the ‘Dubai, the Capital of the Islamic Economy’ initiative.
“The highly successful Sukuk issued by the Emirate of Ras Al Khaimah via RAK Capital provides Sharia-compliant financing that will support the continuing sustainable economic development and infrastructure expansion in the emirate of Ras Al Khaimah. Our sole listing on Nasdaq Dubai, as an exchange in the UAE that operates to international standards, provides us with a first-class regulatory environment that is well respected regionally and internationally,” said Shaikh Omar Bin Saqr Al Qasimi, Executive Manager of the Investment and Development Office of Ras Al Khaimah.
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