Saturday 13 September 2014

Hong Kong to list $1 billion sukuk in Dubai | The National

Hong Kong to list $1 billion sukuk in Dubai | The National:



"The government of Hong Kong has announced plans to list its first successful sukuk offering worth US$1 billion (Dh3.68bn) on Nasdaq Dubai.



Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, who is responsible for realising Dubai’s plan to become the capital of the global Islamic economy, hailed the selection of Nasdaq Dubai for the listing of the world’s first US dollar-denominated sukuk issued by a government with a AAA credit rating.



“We are also pleased to have worked with Hong Kong on this important issue and delighted that it has attracted such strong demand,” said Sheikh Hamdan."



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