Nasdaq Dubai lists SIB, Damac sukuk

Dubai

Nasdaq Dubai said it listed sukuks of Sharjah Islamic Bank (SIB) worth $500 million, and Damac Properties’ $400 million instrument.

Two other Sukuk issued by SIB are currently admitted to trading on Nasdaq Dubai, the bourse said in a statement. These are both $500 million issuances that listed in 2015 and 2016. DAMAC Properties’ other Sukuk listed on Nasdaq Dubai comprise issuances of $650 million and $500 million in 2014 and 2017 respectively.

The latest listings by SIB and DAMAC Properties bring the total value of all Sukuk listed in Dubai to $59.22 billion, strengthening the Emirate’s role as the leading global centre for Sukuk listings by value.