Dubai Islamic Bank lists $1bn sukuk on Nasdaq Dubai
- Date: 16-Jun-2020
- Source: Gulf Business
- Sector:Financial Services
- Country:UAE
Dubai Islamic Bank lists $1bn sukuk on Nasdaq Dubai
The sukuk, listed by the UAE's largest Islamic bank, was nearly 4.5 times subscribed with a profit rate of 2.95 per cent per annum, Dubai Media Office reported.. The listing on Nasdaq Dubai provides the issuance with close links to regional and global investors from a well regulated platform.. The issuance and listing of DIB's sukuk reflects the further development of the sukuk market as an effective means of raising capital from regional and global investors.".