(MENAFN) The Nasdaq Dubai exchange has welcomed the listing of a USD500 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.
After a USD500 million listing in 2016, this is NooR's second listing on the Nasdaq Dubai.
"The bank's listing underlines Dubai's role as the leading global centre for Sukuk listings by value, currently totalling USD59.72 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.
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