Nasdaq Dubai on Wednesday welcomed the listing of two sukuk by UAE issuers Sharjah Islamic Bank (SIB) and Damac Properties.
Sharjah Islamic Bank listed a $500 million sukuk, while real estate developer Damac listed a $400 million instrument, a statement said.
It added that two other sukuk issued by SIB are currently admitted to trading on Nasdaq Dubai.
They are both $500 million issuances that listed in 2015 and 2016. Damac’s other sukuk listed on Nasdaq Dubai comprise issuances of $650 million and $500 million in 2014 and 2017 respectively.
The latest listings by SIB and Damac bring the total value of all sukuk listed in Dubai to $59.22 billion, strengthening the emirate’s role as the leading global centre for sukuk listings by value.For all the latest business 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.
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