Emaar Properties listed a 750 million US dollar Sukuk today on Nasdaq Dubai, the region’s international financial exchange.
The listing has raised the total value of Sukuk listed in Dubai to 45.55 billion US dollars, underlining the emirate’s position as the world’s largest Sukuk listing centre by value.
A 500 million US dollar Sukuk issued by Emaar Properties in July 2012 is also listed on the exchange.
So far this year Nasdaq Dubai has listed 14 Sukuk with a total value of 10 billion US dollars.
About Nasdaq Dubai
Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS).
The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).