Nasdaq Dubai welcomes listing of USD 500 million Sukuk by Dubai Islamic Bank

The Sukuk that was listed on 19 April 2021 reinforces Dubai's position as one of the largest centres for Sukuk listings globally


Dubai - Nasdaq Dubai welcomes the listing of a 500 million US dollar perpetual Additional Tier 1 Sukuk, issued by the Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE.

The Sukuk achieved the lowest ever yield of 3.375% by a GCC bank on an Additional Tier 1 instrument and was 5.6 times oversubscribed with an order book that peaked at 2.8 billion US dollars. Dubai Islamic Bank is the leading UAE-based Sukuk issuer by value on Nasdaq Dubai with a total value of 6.3 billion US dollars including the latest USD 500 million US dollar listing.

The Sukuk that was listed on 19 April 2021 reinforces Dubai’s position as one of the largest centres for Sukuk listings globally, attracting both local and international issuers, with a total listed value now standing at 74.66 billion US dollars.


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).

About Dubai Islamic Bank
Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE by assets and is a public joint stock company listed on the Dubai Financial Market. DIB is the world’s first full service Islamic bank and the second largest Islamic bank in the world. DIB offers an increasing range of innovative Shariah compliant products and services to retail, corporate and institutional clients.

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