DUBAI / WAM
Nasdaq Dubai welcomed the listing of two Sukuk issued by the government of Indonesia with a total value of US$2.5 billion. The total nominal value of Sukuk currently listed on Dubai’s exchanges has now reached US$42.31 billion, strengthening its position as the largest centre globally for Islamic bond listings.
The listings support the growth of Dubai as the global capital of the Islamic Economy under the initiative launched by Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum.
Bambang Bodjonegoro, the Indonesian Minister of Finance, said: “Our latest Sukuk issuances confirm Indonesia’s commitment to supporting the Islamic capital markets, and our choice of Nasdaq Dubai for listing provides us with close links to regional and international investors. We look forward to issuing further Sukuk in due course under our 2012 Trust Certificate Issuance Programme, providing further sources for government infrastructure development financing as well as new opportunities for investors around the world.”
Essa Kazim, Governor of Dubai International Financial Centre (DIFC) and Secretary General of Dubai Islamic Economy Development Centre (DIEDC), said, “These substantial listings confirm the international reach of Dubai’s Islamic capital markets as the emirate accelerates its expansion as the gobal capital of the Islamic Economy. Our expanding relationship with Indonesia, the world’s most populous Muslim country, strengthens the development of the financial infrastructure of both countries for the benefit of their economies and citizens.”