UAE's biggest Islamic bank lists $750m sukuk on Nasdaq Dubai

Dubai Islamic Bank is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total of $6bn
UAE's biggest Islamic bank lists $750m sukuk on Nasdaq Dubai
It is Nasdaq Dubai’s first sukuk listing of 2019 and DIB’s seventh altogether on the exchange.
By Sam Bridge
Tue 22 Jan 2019 02:08 PM

Nasdaq Dubai on Tuesday welcomed the listing of a $750 million sukuk by Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE.

It is Nasdaq Dubai’s first sukuk listing of 2019 and DIB’s seventh altogether on the exchange.

DIB is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total of $6 billion including the latest listing.

The bank’s principal activities centre on retail banking, business banking, corporate banking, real estate, contracting finance, investment banking and treasury activities.

The total value of all sukuk listed on Dubai’s exchanges has now reached $61.14 billion, the largest amount of any listing centre in the world.

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.