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Wed 3 Apr 2019 01:59 PM

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Nasdaq Dubai welcomes $1bn sukuk listing by Sharjah

Emirate's total sukuk value listed on the Dubai financial exchange has now reached $3.45bn

Nasdaq Dubai welcomes $1bn sukuk listing by Sharjah
The total value of all sukuk listed in Dubai has now reached $61.34 billion, strengthening Dubai’s role as the largest sukuk listing centre in the world by value.

Nasdaq Dubai on Wednesday welcomed the listing of a $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, a statement said.

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 were Clifford Chance, and Dubai-based Maples and Calder.

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

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