$750m Emaar sukuk listed on Nasdaq Dubai
DUBAI, September 19, 2016
Emaar Properties, a leading Dubai-based developer, listed a $750 million sukuk today on Nasdaq Dubai, the region’s international financial exchange.
The listing has raised the total value of sukuk listed in Dubai to $45.55 billion, underlining the emirate’s position as the world’s largest sukuk listing centre by value, said a Nasdaq Dubai statement.
A $500 million sukuk issued by Emaar Properties in July 2012 is also listed on the exchange.
So far this year, Nasdaq Dubai has listed 14 sukuk with a total value of $10 billion, the statement said.