Listing Requirements
Prospectus in compliance with the DFSA Markets Rules
Minimum market capitalisation of USD 2 million
Three years audited accounts prepared to an IFRS standard (or other standards acceptable to the DFSA)
Appoint Shari’a Supervisory Board, if applicable
Provide Shari’a certification, if applicable
Timeline
The DFSA aims to review and return comments on the first Prospectus draft within 5 business days of the document being submitted, and each subsequent draft within 3 business days from its submission. The approval of the Prospectus will generally be granted within 1 business day from the date of receipt of a final Prospectus.
Nasdaq Dubai will look to grant the approval for Admission to Trading within 2 business days of receipt of the final forms and supporting documents, provided all documentation is in order and no additional information is required.
The exchange also aims to admit a range of innovative Islamic instruments in collaboration with regional and international market participant to foster and strengthen this pioneering industry.
These may include:
Islamic Funds
Islamic Real Estate Investment Trusts (REITs)
Islamic Exchange Traded Funds (ETFs)
Islamic Structured Securities
