The Abu Dhabi Stock Exchange (ADX) has said it welcomes the listing of Lunate Capital LLC's JP Morgan Chimera Global Sukuk ETF.

According to Amac News: ADX said that this new ETF will give investors access to a diverse portfolio of cash, dollar and investment grade sukuk from sovereign, quasi-sovereign and corporate issuers around the world with a minimum amount of $500 million.
The Shariah-compliant ETF is designed to track the JP Morgan Global Sukuk Index and offers around 75 Sukuk domestically, regionally and globally.
Abdullah Salem Al Hawraimi, Chief Executive Officer of ADX Group, said this latest Lunate offering not only expands our portfolio of financial products, but also underlines Abu Dhabi's strategic vision as a leading capital formation and investment hub.
According to him, this is the second ETF on ADX that tracks debt instruments and provides investors with direct and easy access to such financial assets. By expanding investors' access to global sukuk, we support the growth of Islamic finance.
The new ETF adds to ADX's growing and comprehensive options for investors to effectively diversify and strengthen their investment strategies.
ADX has experienced a strong increase in demand for ETFs and has established itself as the most active and liquid ETF market in the MENA region.
Highlighting its dynamic growth, ADX recently welcomed the Chimera S&P Japan UCITS ETF, the first ETF to track Japanese stocks on the stock exchange, offering investors direct access to the Japanese market.
In 2023, the trading value of ETFs exceeded 5 billion dirhams, an increase of 160% compared to the previous year, and the total trading volume of ETFs reached 1 billion units.
The introduction of the Chimera JP Global Sukuk ETF enhances the portfolio of diversified financial products available to investors at ADX and aligns with its commitment to innovation and diversification.