|23 October, 2019

Sharjah lists $750mln Sukuk at Nasdaq Dubai

It is the second Sukuk listing this year on Nasdaq Dubai by the Emirate of Sharjah

A man enters the Dubai Financial Market December 23, 2009.

A man enters the Dubai Financial Market December 23, 2009.

REUTERS/Ahmed Jadallah

DUBAI - Nasdaq Dubai welcomed the listing of a US$750 million issued by the Emirate of Sharjah on Wednesday.

It is the second Sukuk listing this year on Nasdaq Dubai by the Emirate of Sharjah, following a one $1 billion listing in April, said a press release issued by Nasdaq Dubai on Wednesday.

The total value of all the Emirate’s Sukuk listed on the Middle East’s international financial exchange has now reached $4.2 billion from five listings, with the first listing taking place in 2014.

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

© Copyright Emirates News Agency (WAM) 2019.

More From Markets