Nasdaq Dubai has seen the listing of a $1bn Sukuk issued by the emirate of Sharjah. It is the first sovereign Sukuk to be issued in the GCC in 2018, as well as the emirate of Sharjah’s third and largest Sukuk listing on the exchange.
The 10-year Sukuk follows previous Sukuk listings by the Emirate on Nasdaq Dubai of $750m and $050m in 2014 and 2016 respectively.
The latest listing raises the total value of Sukuk listed in Dubai to $56.465bn, the largest amount of any listing centre in the world. A total of $18.75bn, amounting to 35 per cent of Nasdaq Dubai’s Sukuk listings, is from sovereign issuers.