Nasdaq Dubai welcomed the listing on Tuesday of a $300 million sukuk issued by Dubai Islamic Bank (DIB). The issuance was a tap on a one billion US dollar sukuk that listed on Nasdaq Dubai on June 16th, 2020.
Dubai Islamic Bank, DIB, rang the market-opening bell on Tuesday to celebrate the listing of a $1 billion Sukuk on Nasdaq Dubai. The Sukuk achieved a strong 5.7 times subscription rate, attracting more than 150 high-quality investors
Following all regulatory approvals received from UAE Central Bank and the Securities and Commodities Authority (SCA), Dubai Islamic Bank (DIB) on Thursday,
The new banknote has been distributed to banks and exchange houses, according the CBUAE statement. Polymer banknotes can contain many more security features than paper banknotes.
Assets of national banks accounted for 87.8 per cent of gross banking sector's assets of Dhs3.442 trillion by end of last May, against 12.2 per cent for foreign banks.