Indonesia lists two Sukuk worth $3bn on Nasdaq Dubai

By Rajive Singh

DUBAI 5 March 2018: The government of Indonesia has listed two sukuk with a total value of US$3 billion on Nasdaq Dubai.

The collaboration underlines the close relations between the UAE and Indonesia, the world’s most populous Muslim country, as well as Dubai’s growth as the global capital of the Islamic Economy.

The Indonesian government is the largest Sukuk issuer on Nasdaq Dubai by both value and number of listings, with securities now totalling $14.5 billion from 10 issuances.

The total value of all sukuk listed on Dubai’s exchanges has now reached $56.47 billion, the largest amount of any listing centre in the world.