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Nasdaq Dubai welcomes listing of USD 1 billion Sukuk by Dubai Islamic Bank

PUBLISHED ON 15-Feb-2017
Nasdaq Dubai welcomes listing of USD 1 billion Sukuk by Dubai Islamic Bank

Nasdaq Dubai welcomed today’s listing of a 1 billion US dollar Sukuk by Dubai Islamic Bank (DIB), the UAE’s largest Islamic bank, on the region’s international exchange.

It brings the total value of DIB’s Sukuk current listings on Nasdaq Dubai to 4.25 billion US dollars, more than any other UAE issuer.

DIB’s earlier Sukuk listings comprise a 1 billion USD listing in 2013, two listings in 2015 respectively of 750 million US dollars and 1 billion US dollars, and a listing in 2016 of 500 million US dollars.

The newest DIB listing reinforces Dubai’s position as the world’s largest venue for Sukuk listings by value, raising the total listed in the Emirate to 47.81 billion US dollars.

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