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DIB lists new $1bn sukuk on Nasdaq Dubai

DIB lists new $1bn sukuk on Nasdaq Dubai
A Dubai Islamic Bank branch in the UAE (Photo Credit: Arabianeye-Reuters)
DIB
DIB
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Dubai – Mubasher: Nasdaq Dubai on Wednesday welcomed the listing of a $1 billion USD-denominated sukuk by Dubai Islamic Bank (DIB) on the region’s international exchange.

This listing brings the UAE’s largest Islamic bank’s current sukuk listing on the Dubai-based exchange to $4.25 billion, which more than any other UAE issuer.

DIB’s earlier Sukuk listings included a $1 billion listing in 2013, two listings in 2015 of $750 million and $1 billion, and a $500 million listing in 2016.
The newest listing by DIB listing “reinforces Dubai’s position as the world’s largest venue for Sukuk listings by value,” Nasdaq Dubai said in a statement.

The listing also brings the total value of listings in the emirate to $47.81 billion.