Dubai – Mubasher: The Nasdaq Dubai exchange has welcomed the listing of a $500 million sukuk by Noor Bank, a UAE-based sharia-compliant bank.
The five-year sukuk issue was oversubscribed 2.1 times, according to an official statement.
This is Noor’s second listing on the Nasdaq Dubai after a $500 million listing in 2016.
“The bank’s listing underlines Dubai’s role as the leading global centre for Sukuk listings by value, currently totalling $59.72 billion,” the Nasdaq Dubai exchange revealed.
Noor Bank offers a range of sharia-compliant products and services in personal and corporate banking, wealth management, insurance, treasury and trading.
