Dubai: Nasdaq Dubai today welcomed the listing of a 750 million US dollar Sukuk issued by the Emirate of Sharjah.

It is the second Sukuk listing this year on Nasdaq Dubai by the Emirate of Sharjah, following  a one billion US dollar listing in April.  The total value of all the Emirate’s Sukuk listed on the Middle East’s international financial exchange has now reached 4.2 billion US dollars from five listings, with the first listing taking place in 2014.    

Dubai’s total Sukuk listings have now reached 63.7 billion US dollars, strengthening Dubai’s role as one of the largest Sukuk listing centres in the world by value.

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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