Hamdan Bin Mohammed Witnesses Listing Of AED20 Billion Sukuk Bonds At Nasdaq Dubai

Crown Prince of Dubai, H.H. Sheikh Hamdan bin Mohammad bin Rashid Al Maktoum, has said the speedy practical steps have started to transform Dubai into the future global capital of the Islamic economy in line with the clear vision of Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammad Bin Rashid Al Maktoum.

He added that the three coming years would see the launch of several initiatives in six different fields, noting that Dubai has become the third world's capital in listing of sukuk worth over AED70 billion since 2013.

The Dubai Crown Prince was speaking during the listing of Islamic Development Bank's AED20 billion Sukuk on Nasdaq Dubai by ringing the Nasdaq Stock Market opening bell.

"The listing of IDB Sukuk comes in line with Sheikh Mohammad's vision to transform Dubai into a global capital of Islamic economy and the role of Islamic economy sector in boosting national economy," Sheikh Hamdan said He noted that the IDB's move represents a new boost to Dubai's efforts to enhance its reputation as the capital of Islamic economy on the global stage.