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Thu 2 Mar 2017 02:25 PM

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Hong Kong gov't lists $1bn sukuk on Nasdaq Dubai

New listing strengthens Dubai’s position as the world’s largest venue for sukuk listings by value

Hong Kong gov't lists $1bn sukuk on Nasdaq Dubai
An aerial shot shows the skylines of Hong Kong. (AFP/Getty Images)

Nasdaq Dubai has welcomed the listing of a $1 billion US dollar sukuk issued by the government of Hong Kong.

It brings the total value of Hong Kong government Sukuk listed on the Middle East’s international financial exchange to $3 billion, following two previous listings of $1 billion in 2014 and 2015.

The new listing strengthens Dubai’s position as the world’s largest venue for sukuk listings by value, raising the total listed in the emirate to $48.81 billion.

Nasdaq Dubai said in a statement that the listings are from a wide range of government, multilateral and corporate issuers across the MENA region and East Asia.

The Hong Kong government’s latest Sukuk listed on Nasdaq Dubai on Wednesday.

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