Kuwait – Mubasher: Ahli United Bank-Kuwait (AUB Kuwait) has listed sukuk worth $200 million on Nasdaq Dubai, according to the bank statement on Wednesday.

This listing endorses Dubai’s position as the global leader for sukuk listing, with a total nominal value of $45.75 billion from issuers across the GCC and beyond; it also reflects the growing capital market ties stronger between the UAE and Kuwait.

“AUB Kuwait’s Sukuk has achieved considerable success, reflecting the Bank’s position as a leading Islamic financial institution in Kuwait,” CEO of AUB Kuwait Richard Groves said.

“Nasdaq Dubai will introduce further product development across the Islamic capital markets to meet the needs of issuers and investors,” chairman of Nasdaq Dubai Abdul Al Fahim said, assuring Dubai’s role as a centre of excellence for listing Islamic instruments.