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DUBAI / WAM
Nasdaq Dubai welcomed Wednesday’s listing of US$1 billion Sukuk by Dubai Islamic Bank (DIB), on the region’s international exchange. This brings the total value of DIB’s Sukuk current listings on Nasdaq Dubai to US$4.25 billion, more than any other UAE issuer.
DIB’s earlier Sukuk listings include a $1 billion listing in 2013, two listings of $750 million and $1 billion in 2015 respectively, and a listing in 2016 of $500 million.
The newest DIB listing reinforces Dubai’s position as the world’s largest venue for Sukuk by value, raising the total listed in the Emirate to US$47.81 billion.