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Hong Kong mulls listing $1 bln Sukuk on Nasdaq Dubai

Hong Kong mulls listing $1 bln Sukuk on Nasdaq Dubai
Hong Kong plans to list its first offering of $1 billion (AED 3.68 billion) Sukuk on Nasdaq Dubai, according to Gulf News.
Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of the Executive Council, welcomed the decision to list the Hong Kong Sukuk on Nasdaq Dubai.
He said choosing Nasdaq Dubai as a platform to list the world’s first US dollar Sukuk issued by a AAA-rated government falls in line with the initiative launched by UAE Vice-President, Prime Minister and Ruler of Dubai His Highness Shaikh Mohammad Bin Rashid Al Maktoum to position Dubai as the center of the Islamic Economy.
“We are also pleased to have worked with Hong Kong on this important issue and delighted that it has attracted such strong demand. We look forward to closer working relations with Hong Kong in developing global Islamic financial products,” Shaikh Hamdan added.