Nasdaq Dubai reported the listing of a $500 million Sukuk issued by the MENA-focused Arab Energy Fund, the largest multilateral impact financial institution.
The sukuk was the third issuance of funds on Nasdaq Dubai under the Trust Certificate Issuance Programme, which includes Trust Certificates at a 4.721 percent profit rate.
According to a bourse filing, in addition, the top-tier unsecured Sukuk was issued at par, and it matures in 2036. This issuance marks the Arab Energy Fund’s first-ever 10-year Sukuk transaction, initiating a new longer-tenor pricing curve.
The Sukuk was very popular among the investors as the order book surpassed $1.60 billion, and also there was a wide involvement of the regional and international investors.
The Arab Energy Fund’s Chief Financial Officer, Vicky Bhatia, said, “This Sukuk issuance reflects strong investor confidence in The Arab Energy Fund’s credit strength and long-term mandate.”
Bhatia added, “Our return to Nasdaq Dubai underscores its role as a leading platform for Islamic finance and international capital markets.”
Recently, the Arab Energy Fund was granted regulatory approval to issue onshore Renminbi-denominated Panda Bonds in China, the first multilateral financial institution in the MENA region to be accorded regulatory approval, which further consolidates its diversified funding strategy.
Meanwhile, Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), stated, “The listing contributes to the depth and diversity of our Sukuk market and highlights the role of Nasdaq Dubai in Islamic finance.”
Ali added, “We continue to support issuers in accessing capital and engaging a broad base of regional and international investors.”
The total outstanding value of the Sukuk listed by Nasdaq Dubai on February 5, 2026, more than 104.90 billion, gives credence to the fact that the exchange is one of the most successful in the world in terms of being a venue of Islamic finance and international listings of Sukuk and is supported by a robust base of issuers with active and sustained issuance in both sovereign, supranational and corporate segments.
