Nasdaq Dubai has welcomed the listing of a USD 500 million Sukuk issued by Binghatti Holding, further strengthening Dubai’s position as a global hub for Islamic finance.
The sukuk, issued under Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme, will mature in 2030. The issuance saw strong investor appetite, being oversubscribed five times, with orders exceeding USD 2.5 billion from both regional and international investors. Demand-enabled pricing achieved a profit rate of 8.125%, which is tighter than the initial guidance.
Official Statements
Marking the occasion, Muhammad BinGhatti, Chairman of Binghatti Holding, rang the market opening bell at Nasdaq Dubai alongside Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
BinGhatti said:
“The successful listing of our USD 500 million Sukuk on Nasdaq Dubai marks another important milestone in Binghatti’s growth journey. The strong demand for our latest sukuk underscores the confidence that regional and international investors place in our financial strength and vision.”
Hamed Ali added:
“We are pleased to welcome Binghatti’s latest Sukuk listing on Nasdaq Dubai, which highlights the sustained global demand for Islamic finance instruments and the strong appeal of Dubai as a capital markets hub. At Nasdaq Dubai, we remain committed to providing issuers with a platform to connect with a diverse investor base.”
Strengthening Dubai’s Sukuk Market
With this latest issuance, Binghatti’s total Sukuk listings on Nasdaq Dubai reached USD 1 billion, underscoring the developer’s growing confidence in tapping capital markets.
Nasdaq Dubai now hosts a total of USD 98.6 billion in Sukuk listings across 108 issuances, reaffirming its status as one of the world’s leading venues for Islamic finance instruments. The sukuk are also listed on the London Stock Exchange, extending their visibility to a global investor base.
