The Dubai Financial Services Authority (DFSA) has confirmed the acceptance of the first individual investor government treasury sukuk issued by the UAE Ministry of Finance for trading on Nasdaq Dubai.
This issuance marks the first UAE government sukuk targeting individual investors to be accepted for trading on a regulated exchange within the Dubai International Financial Centre (DIFC).
Sukuk listed on Nasdaq Dubai had previously been restricted to institutional investors; however, this listing opens access to individual investors within the DIFC market infrastructure.
Mark Steward, Chief Executive Officer of the DFSA, said: "The listing of the UAE's first individual investor government sukuk on Nasdaq Dubai is a landmark moment for the emirate's capital markets, and reflects the continued evolution of the DIFC towards broader and more inclusive investor participation.
The role of the DFSA is to ensure that this evolution takes place within a framework that preserves market integrity and investor confidence, and this listing is a clear example of that framework succeeding."