Nasdaq Dubai to permit retail investment in sukuk

Individuals will be allowed to invest in Islamic bonds on Nasdaq Dubai by 2019, according to remarks from its chief executive. The exchange is in talks with the Dubai International Finance Centre (DIFC), the industry watchdog, about developing a “product which provides a minimal investment limit” and “sharia-compliant interest rate”, said Hamed Ahmed Ali to the Al-Bayan newspaper. The technical infrastructure for such a product is being prepared with the aim of producing a simplified system for the retail investment market, he added. Efforts have been made over the last few years to expand the Islamic bond market beyond its current institutional market. In April this year, the Dubai Islamic Economy Development Centre, a body which promotes the government’s Islamic finance initiatives, announced it was working with Nasdaq Dubai to introduce sukuk instruments for retail investors. ©2018 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.