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Nasdaq Dubai welcomes listing of $300m sukuk by DIB

Staff Report/Dubai
Filed on June 30, 2020

(Supplied)

Nasdaq Dubai welcomed the listing today of a $300 million sukuk issued by Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE.

The issuance was a tap on a $1 billion sukuk that listed on Nasdaq Dubai on June 16, 2020. DIB earmarked the funds raised to support its customers and the business community as economies start to overcome challenging market conditions.

DIB is the leading UAE-based sukuk issuer by value on the region's international exchange with a total of $6.3 billion including the latest $300 million listing.

Dubai is one of the largest centres for sukuk listings in the world, with a total listed value now standing at $71.09 billion. By value 43 per cent of the listings are from UAE issuers and 57 per cent from overseas issuers.

- business@khaleejtimes.com


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