DIP lists $300m sukuk on Nasdaq Dubai | GulfNews.com:
"Abdul Aziz Yaqob Al Serkal, General Manager of Dubai Investments PJSC, on Monday rang the market opening bell to mark the listing of a $300 million (Dh1.1 billion) sukuk by Dubai Investments Park Development Co. LLC (DIP) on Nasdaq Dubai.
The listing by DIP, the largest integrated business and residential community in the Middle East, brings the total of new listings of sukuk in Dubai since the beginning of 2013 to $12.55 billion.
Eisa Kazim, Chairman of Dubai Financial Market (DFM) and Secretary General of the Dubai Islamic Economy Development Centre, said: “Dubai’s rapid growth towards becoming the global centre for sukuk is set to gain momentum in 2014, in line with the vision of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, to position Dubai as the global capital of the Islamic economy, under the direction of Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council."
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