By Sam Bridge
Announcement of second sukuk listing this year on Nasdaq Dubai by the emirate, following a $1bn listing in April
Nasdaq Dubai on Wednesday welcomed the listing of a $750 million sukuk issued by the emirate of Sharjah.
It is the second sukuk listing this year on Nasdaq Dubai by the emirate, following a $1 billion listing in April, a statement said.
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.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.