DUBAI / WAM
Nasdaq Dubai welcomed Wednesdayâ€™s listing of US$1 billion Sukuk by Dubai Islamic Bank (DIB), on the regionâ€™s international exchange. This brings the total value of DIBâ€™s Sukuk current listings on Nasdaq Dubai to US$4.25 billion, more than any other UAE issuer.
DIBâ€™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 Dubaiâ€™s position as the worldâ€™s largest venue for Sukuk by value, raising the total listed in the Emirate to US$47.81 billion.