Nasdaq Dubai welcomes listing of US$750 million Sukuk by Dubai Islamic Bank

Nasdaq Dubai today welcomed the listing of a US$750 million Sukuk by Dubai Islamic Bank (DIB). The 5-year new Sukuk issuance is part of DIB’s US$7.5 billion Sukuk Programme. The UAE’s first Sukuk issuance in 2022 has been priced at a profit rate of 2.74 percent per annum, 95 basis points over the 5 y...