Sharjah Islamic Bank and Emirates Islamic list Sukuk on Nasdaq Dubai
Two Sukuk were listed on Nasdaq Dubai today, one with a value of 500 million US dollars issued by Sharjah Islamic Bank (SIB) and the other a 250 million US dollar issuance from Emirates Islamic.
The listings raised the total value of Sukuk listed in Dubai to 44.8 billion US dollars, reinforcing the emirate’s stature as the largest Sukuk listing centre in the world by value.
SIB’s listing follows two earlier Sukuk listings by the bank on the region’s international exchange in April 2013 and April 2015, each of 500 million US dollars. Emirates Islamic now has four Sukuk listings on Nasdaq Dubai, following two listings of 500 million US dollars each in September 2013 and a 750 million US dollar listing in June 2016.