Nasdaq Dubai has welcomed the listing of a US$750 million sukuk issued by the Emirate of Sharjah.
This is the second sukuk listing this year on Nasdaq Dubai by the Emirate of Sharjah, following
a US$1 billion listing in April 2019.
The total value of all the
Emirate’s sukuk listed on the Middle East’s international financial
exchange has now reached US$4.2 billion from five listings, with
the first listing having taken place in 2014.
Dubai’s total sukuk listings have now reached US$63.7 billion, strengthening the city's role as one of the largest sukuk listing centres in the world by
value.