Nasdaq Dubai has welcomed today’s listing of a $1 billion sukuk by the Investment Corporation of Dubai (ICD) on the 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, Nasdaq Dubai said.

It is the third debt listing by ICD on Nasdaq Dubai, following the listing in May 2014 of a $700 million sukuk and a $300 million conventional bond. – TradeArabia News Service