Dubai – Nasdaq Dubai welcomed the listing today of a 750 million US dollar Sukuk by Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE. It is Nasdaq Dubai’s first Sukuk listing of 2019 and DIB’s seventh altogether on the exchange.

DIB is the leading UAE-based Sukuk issuer by value on Nasdaq Dubai with a total of six billion US dollars including the latest listing. The bank’s principal activities centre on retail banking, business banking, corporate banking, real estate, contracting finance, investment banking and treasury activities.

The total value of all Sukuk listed on Dubai’s exchanges has now reached 61.14 billion US dollars, the largest amount of any listing centre in the world.

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, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS).

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).

© Press Release 2019

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