Nasdaq Dubai welcomes listing of USD one billion Sukuk by Emirate of Sharjah

The Emirate's total Sukuk value listed on the Middle East's financial exchange has now reached 3.45 billion US dollars

  

Dubai: Nasdaq Dubai today welcomed the listing of a one billion US dollar 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 US dollars.   

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 Maples and Calder (Dubai).

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