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Sharjah Islamic Bank And Emirates Islamic List Sukuk On Nasdaq Dubai
(8 September 2016)

 

Two Sukuk were listed on Nasdaq Dubai on Thursday, one with a value of US$500 million issued by Sharjah Islamic Bank (SIB) and the other a US$250 million issuance from Emirates Islamic.

The listings raised the total value of Sukuk listed in Dubai to US$44.8 billion, reinforcing the emirate’s stature as the largest Sukuk listing centre in the world by value.

SIB’s listing follows two earlier Sukuk listings by the bank on the region’s international exchange in April 2013 and April 2015, each of US$500 million. Emirates Islamic now has four Sukuk listings on Nasdaq Dubai, following two listings of US$500 million each in September 2013 and a US$750 million listing in June 2016.

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