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Dubai: DIFC Investments yesterday listed its $1.25 billion sukuk on the Dubai International Financial Exchange (DIFX), taking the total value of sukuk listed on the exchange to $10.43 billion, the highest on any exchange worldwide.
The DIFX now has a total of eight sukuk, with issuers based in Kuwait, Saudi Arabia and the UAE.
"The success of our first sukuk is an endorsement of investors' trust and confidence in the Dubai International Financial Centre (DIFC) as a world class financial centre and a leader of the Islamic finance industry," DIFC governor Omar Bin Sulaiman said.
DIFC officials said yesterday that its sukuk issue received overwhelming response from regional and international investors with 67 per cent of subscriptions originating from outside the region with about 47 per cent sold in Europe and 20 per cent in Asia. The Middle East investors took 33 per cent of the issue.
With a large number of sukuk issues lined for the second half of the year DIFX is expected to attract the listings of a significant share of these new issues
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