26 Sep, 2024Nasdaq Dubai welcomes Sukuk listings by UAE Federal Government
Nasdaq Dubai, the region’s premier international financial exchange, announced the admission of two new Sukuk issuances by the UAE Federal Government, acting through the Ministry of Finance. The listings include an AED 550 million Sukuk and an additional AED 550 million tap issuance, both under the Treasury Sukuk Programme.
The total admission of AED 1.1 billion comprises:
New issuance: AED 550,000,000, 4.57 percent Treasury Sukuk due 2027
Tap: AED 550,000,000,4.12 percent Treasury Sukuk due 2029
These listings raise the total value of UAE Federal Government Sukuk currently listed and outstanding on Nasdaq Dubai to over AED 4 billion. This demonstrates the government’s commitment to bolstering the Islamic finance sector and supporting its economic diversification strategy.
The new listings further reinforce Nasdaq Dubai’s role as a global hub for Sukuk, with the total value of Sukuk listed on the exchange now standing at USD 92 billion.
Nasdaq Dubai, formerly DIFX, is the international financial exchange in the Middle East. It allows companies to benefit from a unique investor pool that combines regional and international wealth, making it a globally unique platform for companies to raise money and for investors to find exciting opportunities.
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