Dubai: Nasdaq Dubai has welcomed the listing of a 200 million US dollar Sukuk issued by the Emirate of Sharjah. It is the Emirate’s second Sukuk listing on the exchange this year, following a one billion US dollar listing in March.

The total value of Sukuk listings on Nasdaq Dubai by the Emirate of Sharjah has now reached 2.45 billion US dollars, including listings of 750 million US dollars and 500 million US dollars in 2014 and 2016 respectively.

The latest listing, which took place on December 19th, has raised the total value of Sukuk currently listed in Dubai to 60.39 billion US dollars, the largest amount of any listing centre in the world.  A total of 14 Sukuk valued at 11.99 billion US dollars have listed in 2018. 

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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, 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).

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