Nasdaq Dubai welcomes $1bn sukuk by Hong Kong
By Rajive Singh
DUBAI: Nasdaq Dubai has welcomed the listing of a US$1 billion sukuk issued by the government of Hong Kong.
This brings the total value of Hong Kong government Sukuk listed on the Middle East’s international financial exchange to $3 billion, following two listings of $1 billion in each of 2014 and 2015.
The new listing strengthens Dubai’s position as the world’s largest venue for sukuk listings by value, raising the total listed in the Emirate to $48.81 billion. The listings are from a wide range of government, multilateral and corporate issuers across the Mena region and East Asia.
The Hong Kong government’s latest Sukuk listed on Nasdaq Dubai on March 1st, 2017.