Nasdaq Dubai welcomes listing of USD one billion Sukuk by Emirate of Sharjah
Nasdaq Dubai today welcomed the listing of a one billion US dollar Sukuk issued by the Emirate of Sharjah.
The Emirate’s total Sukuk value listed on the Middle East’s financial exchange has now reached 3.45 billion US dollars.
The Joint Lead Managers for the latest Sukuk listing were Arab Banking Corporation, Dubai Islamic Bank, HSBC Bank, KFH Capital Investment Company, Sharjah Islamic Bank and Standard Chartered Bank. The Legal Advisers to the Emirate of Sharjah were Clifford Chance, and Maples and Calder (Dubai).
The total value of all Sukuk listed in Dubai has now reached 61.34 billion US dollars, strengthening Dubai’s role as the largest Sukuk listing centre in the world by value.