14 Nov, 2023Nasdaq Dubai Celebrates USD 2.5 billion Debut Sukuk Listing by Republic of Türkiye

• The Republic of Türkiye issues debut sukuk listing on Nasdaq Dubai worth USD 2.5 billion.

• Dubai currently boasts USD 84 billion in listed sukuk of which USD 81.5 billion is listed on Nasdaq Dubai.

• The overall value of bonds and sukuk listed on Nasdaq Dubai rises to USD 123 billion, reflecting the confidence embedded in the exchange.

Nasdaq Dubai proudly welcomes the successful debut sukuk listing by the Republic of Türkiye, solidifying the exchange's position as a premier global platform for financial listings.

The Republic of Türkiye has chosen Nasdaq Dubai for listing its inaugural sukuk, worth USD 2.5 billion Lease Certificates maturing in 2029. This listing not only underscores Nasdaq Dubai's reputation as the preferred choice for sovereign issuances but also marks Türkiye's entrance into the Islamic finance market, reflecting the confidence in Nasdaq Dubai's advanced platform and streamlined listing process.

Dubai, recognized as one of the world's largest centers for sukuk listings, currently boasts USD 84 billion in listed Sukuk, of which USD 81.5 billion is listed on Nasdaq Dubai. This achievement underscores Nasdaq Dubai's commitment to expanding its role as a global centre for sukuk listings. It is in alignment with the government's vision to become the international hub of the Islamic economy.

Nasdaq Dubai remains steadfast in its mission to facilitate economic growth, connect issuers with a diverse investor base, and contribute to the ongoing development of the global Islamic finance market.