Mubasher: Sharjah Islamic Bank (SIB) listed sukuk worth $500 million (AED 1.84 billion) on Nasdaq Dubai, according to a statement.
The listing adds to the value of Nasdaq Dubai’s sukuk listings which currently stands at $43.0 billion (AED 157.94 billion).
SIB’s sukuk was issued on 8 September and was oversubscribed by 3.2 times, following two earlier sukuk listings by the bank on Nasdaq Dubai in April 2013 and April 2015, each of $500 million, according to the bank’s deputy CEO Ahmad Saad.
