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Sukuk & Islamic Products

Dubai is the world’s largest centre for Sukuk listings at USD 51.21 billion, with Nasdaq Dubai at USD 49.06 billion.

The exchange intends to expand its role as a global centre for Sukuk listings, in line with the Dubai government's intention to be the international centre of the Islamic economy.

Dubai has overtaken other financial centres in listing Islamic bonds on its exchanges, and is mounting a global drive to attract more listings while developing new channels to trade sukuk, the chief executive of Nasdaq Dubai said.

Advantages of listing on Nasdaq Dubai

Fast Process

Streamlined, fast and easy listing process

Flexible Platform

On-exchange trading platform for Sukuk and bonds

Large investor pool

Unique exposure and access to international and regional investors

Regulation

International regulatory standards, provided by the DFSA

Intl. standards

Prospectus requirements are based on the EU Prospectus Directive

Efficiency

Efficient and transparent mechanism for the disclosure of company information ( CANDI)

Facilities

Sophisticated Central Securities Depository (CSD), clearing and settlement services with links to Euroclear and Clearstream.

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Listing Requirements

  • Prospectus in compliance with the DFSA Markets Rules

  • Minimum market capitalisation of USD 2 million

  • Three years audited accounts prepared to an IFRS standard (or other standards acceptable to the DFSA)

  • Appoint Shari’a Supervisory Board, if applicable

  • Provide Shari’a certification, if applicable

View the complete list of sukuk listed on Nasdaq Dubai

Timeline

The DFSA aims to review and return comments on the first Prospectus draft within 5 business days of the document being submitted, and each subsequent draft within 3 business days from its submission. The approval of the Prospectus will generally be granted within 1 business day from the date of receipt of a final Prospectus.

Nasdaq Dubai will look to grant the approval for Admission to Trading within 2 business days of receipt of the final forms and supporting documents, provided all documentation is in order and no additional information is required.

The exchange also aims to admit a range of innovative Islamic instruments in collaboration with regional and international market participant to foster and strengthen this pioneering industry.

These may include:

  • Islamic Funds

  • Islamic Real Estate Investment Trusts (REITs)

  • Islamic Exchange Traded Funds (ETFs)

  • Islamic Structured Securities

Let us help you

Your success story is our priority. Contact our team to discover how you can take your company to the next level of growth and they will help you with any questions.

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Tahir Mahmood
Tahir Mahmood
Head of Business Development
+971 4 305 5468
tahir.mahmood@nasdaqdubai.com
Khalifa Alhammadi
Khalifa Alhammadi
Associate – Business Development
+971 4 305 5459
khalifa.alhammadi@nasdaqdubai.com