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23 March 2020

Sharjah Government lists $200 million Sukuk on Nasdaq Dubai

According to S&P Global, Global Sukuk issuance increased to $162 billion in 2019, 26 per cent increase from $129 billion in 2018

In October 2019, Sharjah listed $750 million Sukuk on Nasdaq Dubai, the second Islamic bond listing by the emirate following a $1 billion listing in April 2019

by Kudakwashe Muzoriwa

Sharjah has listed $200 million Sukuk on Nasdaq Dubai, bringing the total value of Sukuk listed in Dubai to $67.06 billion.

Nasdaq Dubai’s new Sukuk listings in 2020 have reached $2.9 billion and its Sukuk listings in 2019 totalled $14.15 billion, an annual record high for the exchange and 18 per cent more than $11.99 billion in 2018.

A total of 44 per cent of Nasdaq Dubai’s Sukuk listings by value are from UAE issuers, with 56 per cent from overseas issuers.

The exchange is strengthening its programme of outreach to existing and potential issuers in the Sukuk sector, in the Middle East and globally, to foster collaboration and synergies in the Shari’ah-compliant financing sector.


RELATED STORIES: Sukuk Sharjah Government Nasdaq Dubai





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