Nasdaq Dubai welcomes listing of $1 billion Sukuk by Dubai Islamic Bank – Saudi Gazette

Nasdaq Dubai welcomes listing of $1 billion Sukuk by Dubai Islamic Bank – Saudi Gazette

In a statement, Nasdaq Dubai added that the Sukuk was nearly 4.5 times subscribed with a profit rate of 2.95 percent per annum, with nearly 50 percent of investor interest coming from outside the MENA region. ". The capital raised underpins DIB's measures to support its customers and the business community as economies start to overcome challenging market conditions," it said.. The listing on Nasdaq Dubai provides the issuance with close links to regional and global investors from a well-regulated platform.. Hamed Ali, chief executive of Nasdaq Dubai, added, "We are delighted to support DIB's important activities as one of the UAE's leading banks operating successfully across many areas of Islamic financing..