International Finance
FinanceIslamic Banking

DP world launches Sukuk in LSE

Becomes the fourth Sukuk bond to have launched this year

May 31, 2016: DP World on 27th May launched $1.2 billion Sukuk bond in London Stock Exchange (LSE). It now becomes the fourth Sukuk to be launched this year in LSE. This follows the first ever Sukuk from Islamic Corporation for the Development of the Private Sector (ICD) in April this year. LSE has a strong track record of supporting Sukuk issuance in its markets. More than $47 billion has been raised through 65 Sukuk issues in London, which is also home to six Islamic banks. There are currently 33 active Sukuks on LSE. Nikhil Rathi, CEO, London Stock Exchange & Director of International Development, London Stock Exchange Group said: “The fact that the UK was the first country outside the Islamic world to issue a Sukuk bond, which experienced exceptional demand, underlines London’s standing as the world’s leading international financial centre. And today’s listing of DP World Sukuk on our markets confirms London Stock Exchange as a key destination for foreign, Shariah-compliant financial products. It also showcases UK’s attraction as a leading global financial hub with a deep pool of international capital interested in these products.”

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