Nasdaq Dubai will “easily” become the world’s largest sukuk market by next year, acting CEO Hamed Ali told Arabian Business.
Billions of dollars worth of sukuk – Sharia compliant Islamic bonds - are expected to be listed on the Nasdaq this year and in 2014, helping to propel it from being the third largest sukuk market globally to the first.
“If we consider the activities expected in the market this year and next year we can easily become number one within the coming one to two years,” Ali said.
“Our plan is very strong for this year and potentially next year, it keeps on growing. If we end up attracting between 20 to 30 percent of that we’re easily number one.”
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