Nasdaq Dubai welcomed today’s listing of a 1 billion US dollar Sukuk by the Investment Corporation of Dubai (ICD) on the region’s international stock exchange.

The listing reinforces Dubai’s position as the world’s largest venue for Sukuk listings by value, raising the total listed in the Emirate to 47.21 billion US dollars. 

It is the third debt listing by ICD on Nasdaq Dubai, following the listing in May 2014 of a 700 million US dollar Sukuk and a 300 million US dollar conventional bond.