Monday, 27 May 2013

NASDAQ Dubai plans platform for trading Sukuk and bonds on-exchange | Nasdaq Dubai | AMEinfo.com

"NASDAQ Dubai, the Middle East's international financial exchange, is preparing to open a platform on which investors can trade Sukuk (Islamic bonds) and conventional bonds.

Trades will be automatically and exclusively routed for settlement at Euroclear Bank. The tradable securities will initially comprise at least 12 Sukuk and bonds that are listed on the exchange, with a nominal value of $10.9bn.

The platform will be available to institutional and high-net worth investors and will be opened and gradually developed in coming weeks. "

'via Blog this'

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