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DUBAI / WAM
Dubai has become the world’s largest Sukuk listing centre by value, after Emaar Properties has listed a US$750 million Sukuk on Nasdaq Dubai, raising the total value of Sukuk listed in the emirate to US$45.55 billion. A US$500 million Sukuk issued by Emaar Properties in July 2012 is also listed on the exchange. So far this year Nasdaq Dubai, which is the region’s international financial exchange, has listed 14 Sukuk with a total value of US$10 billion.