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Sharjah lists $200m Sukuk on Nasdaq Dubai

Sharjah lists $200m Sukuk on Nasdaq Dubai
Sharjah has listed a $200m Sukuk on Nasdaq Dubai

Dubai – Mubasher: The Emirate of Sharjah has listed a $200 million Sukuk on Nasdaq Dubai, bringing the total value of Sukuk listed in Dubai to $67.06 billion.

On 19 March 2020, Sharjah has listed its latest $200 million Sukuk, according to a press release on Sunday.

Since the beginning of 2020, new Sukuk listings on Nasdaq Dubai reached $2.9 billion, compared to $14.15 billion in 2019 and $11.99 billion in 2018.

The number of issuers from abroad account for 56% of Nasdaq Dubai’s total Sukuk listings, while 44% are from the UAE.

Meanwhile, Global Sukuk issuance hiked by 26% to $162 billion in 2019 from $129 billion in 2018, according to Standard & Poor’s (S&P).