The value of Sukuk investments held for safekeeping in NASDAQ Dubai’s custody has risen by 36% in the past year, from 100 million dollars to 136 million dollars.
The increase in the holdings, which are maintained in the exchange’s Central Securities Depository (CSD), reflects the wide range and competitive pricing of the CSD’s services to participants. As well as custody, these include settlement of over the counter cross-border transfers and processing of corporate actions, such as interest and profit payments and redemption.
NASDAQ Dubai is the only exchange in the Middle East that has direct access to the International Central Securities Depositaries (ICSDs) Euroclear and Clearstream. These links provide an easy transaction process between the ICSDs and the NASDAQ Dubai CSD for international and regional investors.
Craig Hewett, Head of Business Development at NASDAQ Dubai, said: “Our CSD provides Sukuk investors with an international best practice depository structure for settlement, asset-servicing and safekeeping. We look forward to hosting more Sukuk investors on the NASDAQ Dubai CSD as we expand our Sukuk market.”
NASDAQ Dubai is the largest exchange for Sukuk in the Middle East by listed value, with 15 Sukuk with a nominal value of 10.5 billion dollars.
Investors’ holdings in the NASDAQ Dubai CSD are maintained by NASDAQ Dubai’s Custodian banks. These are Citibank, Deutsche Bank, EFG Hermes, Emirates NBD, HSBC, Shuaa Capital and Standard Chartered.
efg hermes, citibank, hsbc, nasdaq dubai custody, emirates nbd, standard chartered, shuaa capital, deutsche bank, sukuk, middle east, usd, dubai, craig hewett, finance, business, economics, payment systems, securities, economy of dubai, nasdaq dubai, stock market, central securities depository, nasdaq, euroclear, standard chartered plc, head of business development, custodian, hsbc holdings plc, deutsche bank ag, emirates nbd pjsc
News: The Good Doctors Keynote Address Of CFTC Commissioner Bart Chilton To The Mutual Fund Directors Forum, 2012 Policy Conference, Washington, DC
1564 days ago,(2012/06/20) - News Articles
Introduction Good evening and thanks for that kind introduction. It’s great to be with you. I'm always impressed with people like you who take the time and travel away...
890 days ago,(2014/04/24) - Neonet Securities AB
Stockholm, 24 April 2014 – Neonet Securities AB, the independent agency broker, today announced that it has appointed Alasdair Haynes as its new non-executive Chair...
News: Dubai Financial Market Empowers Public And Private Companies To Further Embrace Investor Relations And Corporate Governance - The Exchange Holds Its Second IR Workshop In Association With The Middle East IR Society - Essa Kazim Calls For IR Function Mandatory For Listed Companies
1605 days ago,(2012/05/09) - News Articles
Dubai Financial Market (DFM) organized its second interactive workshop titled, “Achieving Good Investor Relations and Corporate Governance” on Tuesday, May 8t...
News: Developing Islamic Hedging And Liquidity Management - Welcome Remarks By Mr Tai Boon Leong, Executive Director, Monetary Authority Of Singapore At IIFM Industry Briefing On Islamic Hedging & Liquidity Management Instruments
1580 days ago,(2012/06/04) - News Articles
Mr Simon Eedle, Vice Chairman of the International Islamic Financial Market Ladies and Gentlemen, good morning I am pleased to be with you this morning at the industry briefin...
News: BSO’s Presence in Singapore Exchange Co-Location Data Centre Creates New Trading Opportunities
367 days ago,(2015/09/29) - BSO Network Solutions
Significant development for firms trading between European and Middle Eastern financial markets with APAC 29th September 2015 - London, UK - BSO Network So...
415 days ago,(2015/08/12) - Fixnetix
Acquisition Accelerates CSC’s Strategic Growth Plan in Capital Markets and Offers Clients Winning Combination of Global Capabilities, Outsourcing Expertise and Mission C...