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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends more

Dubai rides high hopes on Islamic bond-mania

Posted on 11 March 2013

Dubai-based state-owned and private corporations show no let-up in issuing Islamic bonds or “sukuk” as market demands remain unchanged. On an almost weekly basis, big stakeholders in the United Arab Emirates announce plans to make use the booming market of sukuk amid an unprecedented economic comeback.
The debut was made by Dubai Electricity and Water Authority ( DEWA) which issued a sukuk worth 1 billion U.S. dollars with 5 years duration, attracting orders of over 5.5 billion dollars. The DEWA listed the Islamic bond at the NASDAQ Dubai, the UAE’s second stock exchange and the Middle East’s only international exchange………………………………………..Full Article: Source

 
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