Dubai – Mubasher: Nasdaq Dubai saw two Sukuk listings on Thursday, according to a recent statement.

Sharjah Islamic Bank has issued Sukuk with a value of $500 million, while the other listing was by Emirates Islamic bank at a value of $250 million. 

Thus, the two listings raised the total value of Sukuk listed in Dubai to $44.8 billion, boosting UAE’s stature as the largest Sukuk listing centre in the world by value.

“SIB’s listing follows two earlier Sukuk listings by the bank on the region’s international exchange in April 2013 and April 2015, each of $500 million,” according to the statement.

It added “Emirates Islamic now has four Sukuk listings on Nasdaq Dubai, following two listings of $500 million each in September 2013 and a $750 million listing in June 2016.”