Dec 21 2011 |
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Sukuk investors increase holdings in NASDAQ Dubai custody by 36%
Dubai, December 21, 2011 - The value of Sukuk investments held for safekeeping in NASDAQ Dubai 's custody has risen by 36% in the past year, from 100 million dollars to 136 million dollars.The increase in the holdings, which are maintained in the exchange's Central Securities Depository (CSD), reflects the wide range and competitive pricing of the CSD's services to participants. As well as custody, these include settlement of over the counter cross-border transfers and processing of corporate actions, such as interest and profit payments and redemption.
NASDAQ Dubai is the only exchange in the Middle East that has direct access to the International Central Securities Depositaries (ICSDs) Euroclear and Clearstream. These links provide an easy transaction process between the ICSDs and the NASDAQ Dubai CSD for international and regional investors.
NASDAQ Dubai is the largest exchange for Sukuk in the Middle East by listed value, with 15 Sukuk with a nominal value of 10.5 billion dollars.
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About NASDAQ Dubai
NASDAQ Dubai
is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares,
derivatives, exchange-traded commodities, structured products, Sukuk (Islamic bonds) and conventional bonds.
The majority shareholder of NASDAQ Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of NASDAQ Dubai is the Dubai Financial Services Authority (DFSA). NASDAQ Dubai is located in the Dubai International Financial Centre (DIFC).
For more information, visit www.nasdaqdubai.com
© Press Release 2011
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