Nasdaq #Dubai welcomes listing of $750mln sukuk by Dubai Islamic Bank | ZAWYA MENA Edition

Nasdaq Dubai welcomes listing of $750mln sukuk by Dubai Islamic Bank | ZAWYA MENA Edition:

Nasdaq Dubai today welcomed the listing of a US$750 million Sukuk by the Dubai Islamic Bank, DIB. It is Nasdaq Dubai’s first Sukuk listing of 2019 and DIB’s seventh altogether on the exchange.

DIB is the leading UAE-based Sukuk issuer by value on Nasdaq Dubai with a total of six billion US dollars including the latest listing. The bank’s principal activities centre on retail banking, business banking, corporate banking, real estate, contracting finance, investment banking and treasury activities.

The total value of all Sukuk listed on Dubai’s exchanges has now reached 61.14 billion, the largest amount of any listing centre in the world.