Nasdaq Dubai welcomes listing of $1bln Sukuk by Sharjah

Sharjah’s total Sukuk value listed on the Middle East’s financial exchange has now reached $3.45 billion

  
Image used for illustrative purpose. People attend a ceremony for listing of Nasdaq Dubai at Dubai Financial Market (DFM) in Dubai, UAE September 5, 2016.

Image used for illustrative purpose. People attend a ceremony for listing of Nasdaq Dubai at Dubai Financial Market (DFM) in Dubai, UAE September 5, 2016.

REUTERS/Celine Aswad

DUBAI - Nasdaq Dubai today welcomed the listing of a US$1 billion Sukuk issued by the Emirate of Sharjah.

The Emirate’s total Sukuk value listed on the Middle East’s financial exchange has now reached $3.45 billion.

The joint lead managers for the latest Sukuk listing were Arab Banking Corporation, Dubai Islamic Bank, HSBC Bank, KFH Capital Investment Company, Sharjah Islamic Bank and Standard Chartered Bank. The legal advisers to the Emirate of Sharjah were Clifford Chance, and Dubai-based Maples and Calder.

The total value of all Sukuk listed in Dubai has now reached US$61.34 billion, strengthening Dubai’s role as the largest Sukuk listing centre in the world by value.

© Copyright Emirates News Agency (WAM) 2019.


More From Islamic Finance