Dubai – MENA Herald: Nasdaq Dubai welcomed today’s listing of a 1 billion US dollar Sukuk by the Investment Corporation of Dubai (ICD) on the region’s international stock exchange.
The listing reinforces Dubai’s position as the world’s largest venue for Sukuk listings by value, raising the total listed in the Emirate to 47.21 billion US dollars.
It is the third debt listing by ICD on Nasdaq Dubai, following the listing in May 2014 of a 700 million US dollar Sukuk and a 300 million US dollar conventional bond.
About NASDAQ Dubai
NASDAQ Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds) and conventional bonds.
The majority shareholder of NASDAQ Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of NASDAQ Dubai is the Dubai Financial Services Authority (DFSA). NASDAQ Dubai is located in the Dubai International Financial Centre (DIFC).
