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DIB lists $300m Sukuk on Nasdaq Dubai

DIB lists $300m Sukuk on Nasdaq Dubai
The issuance was a tap on a $1 billion Sukuk
DIB
DIB
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Dubai - Mubasher: Nasdaq Dubai has welcomed Dubai Islamic Bank's (DIB) listing of $300 million Sukuk, aiming to support the bank's customers amid the challenging market conditions.

The issuance was a tap on a $1 billion Sukuk listed by the bank on Nasdaq Dubai on 16 June 2020, according to a press release on Tuesday.

DIB has $6.3 billion Sukuk, including the latest $300 million, listed on Nasdaq Dubai, becoming the leading UAE-based Sukuk issuer by value on the region's international exchange.

Meanwhile, Dubai is one of the world's largest centres for Sukuk listings with a total value of $71.09 billion, in which the UAE issuers and foreign issuers account for 43% and 57% of the listings, respectively.

Noteworthy to mention, a document published on 23 June showed that the bank has sold $300 million in the reopening of its existing Sukuk issuance due in 2026.