Sharjah Islamic Bank (SIB) and Emirates Islamic have listed their sukuks valued at $500 million and $250 million on Nasdaq Dubai.

The listings raised the total value of sukuk listed in Dubai to $44.8 billion, reinforcing the emirate’s stature as the largest Sukuk listing centre in the world by value.

SIB’s listing follows two earlier Sukuk listings by the bank on the region’s international exchange in April 2013 and April 2015, each of $500 million. Emirates Islamic now has four Sukuk listings on Nasdaq Dubai, following two listings of $500 million each in September 2013 and a $750 million listing in June 2016. – TradeArabia News Service