Nasdaq Dubai welcomes $750 million DIB sukuk

By Eudore R. Chand

DUBAI 23 January 2019: Nasdaq Dubai yesterday 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 $6 billion 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, said Wam.

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.

Dubai Gazette