Nasdaq Dubai has welcomed the listing of a US$1 billion sukuk issued by the government of Hong Kong on March 1, 2017.
It brings the total value of Hong Kong government-issued sukuk listed on the Middle East’s international financial exchange to US$3 billion following two listings of US$1 billion each in 2014 and 2015.
The new listing strengthens Dubai’s position as the world’s largest venue for sukuk listings by value, raising the total listed in the Emirate to US$48.81 billion. The listings are from a wide range of government, multilateral and corporate issuers across the Middle East and North Africa (MENA) region and East Asia.