Islamic securities are financial instruments and contractual obligations that are designed, developed and issued in full compliance with Shariah precepts. The spectrum of Islamic securities may be as broad as conventional investment products.

Sukuk

The focus of the Islamic capital markets has been the Sukuk, or the Islamic alternative to a conventional bond. The Sukuk market has experienced phenomenal growth rates during the last five years. It has become a truly international market in both demand and supply. NASDAQ Dubai is committed to the future of the Sukuk market and is pursuing a number of initiatives to fostering and strengthen this pioneering industry.

Value Proposition for Issuers:

• Raise visibility and profile among international and regional investors
  Institutional investor base
• Acceptance by international fund managers
• Attractive to potential Western issuers of Sukuk, offering access to regional investors
• Development of secondary market activity and introduction of standardised contracts
• Innovative range of Islamic securities including Sukuk that are convertible and/or long dated; Shariah-compliant equity, funds and indices.

Value Proposition for Investors:

• Access to a broad spectrum of Shariah-compliant investment products
  Easy access to retail investors
• Transparent, well regulated market