Noor Bank’s sukuk is listed solely on Nasdaq Dubai and is the 11th sukuk to list on the exchange this year, underlining Dubai’s stature as the leading venue for Islamic bonds as the asset class grows in popularity around the world among issuers and investors.
The total nominal value of the 57 sukuk currently listed in Dubai is now US$44.56 billion, the largest sum of any centre in the world.
Hamed Ali, Chief Executive of Nasdaq Dubai, said: “Dubai provides issuers with a listing framework that is highly responsive to their commercial needs, combined with unrivalled visibility to regional and international investors. Our successful hosting of Noor Bank’s sukuk as well as other recent listings underlines our commitment to helping the Islamic bond sector expand and prosper.”
International issuers that have listed sukuk on Nasdaq Dubai earlier this year include Boubyan Bank of Kuwait, as well as Islamic Development Bank and the government of Indonesia.
Interested?
Read the Suroor Asia blog posts about the Indonesian government's sukuk, Boubyan Bank's sukuk and Noor Bank's pricing of its sukuk