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Wed 23 Oct 2019 01:51 PM

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Sharjah lists $750m sukuk on Nasdaq Dubai

Announcement of second sukuk listing this year on Nasdaq Dubai by the emirate, following a $1bn listing in April

Sharjah lists $750m sukuk on Nasdaq Dubai

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.

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.

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