The Philippines’ ROP Sukuk Trust listed USD 1 bn sukuk listing on Nasdaq Dubai, with the issuance marking the country’s first-ever sukuk sale, according to a press release. The certificates are due in 2029.

The listing is just one of several new sukuk offerings on Nasdaq Dubai: Bringing the total to USD 85.11 bn. TheDubai market is known as a leading global hub for sukuk issuances, boasting a total of USD 87.61 bn worth of offerings, in line with the government’s plan to position itself as the global hub of Islamic economy. Not to mention the recent influx of green sukuk offerings.

What they said: “Dubai’s capital markets offer unique exposure and access to both regional and international investors,” Hamed Ali, CEO of Nasdaq Dubai and DFM said.

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