Nasdaq Dubai has reaffirmed its position as one of the world’s leading venues for Sukuk (Islamic bonds), with total listed value now reaching USD 98.6 billion across 108 issuances.
The milestone highlights Dubai’s status as a global capital of Islamic finance, attracting issuers ranging from sovereign governments to multinational corporations. It also underlines Nasdaq Dubai’s ability to provide a trusted and internationally recognized platform for Shari’a-compliant financial instruments.
Global Appeal of Dubai’s Sukuk Market
Nasdaq Dubai’s Sukuk market has expanded steadily over the past decade, benefiting from the emirate’s role as a financial gateway between the Middle East, Asia, and Africa. The exchange continues to draw strong interest from issuers across the GCC, South Asia, and beyond, leveraging Dubai’s established reputation as an Islamic finance hub.
| Market | Approx. Sukuk Outstanding |
|---|---|
| Nasdaq Dubai | USD 98.6 b across 108 listings |
| Global Total | USD 930 b (end-2024) |
| Malaysia | RM 1,324 b (~USD 290 b) (end-2024) |
| London Stock Exchange | USD 50 b via 68 Sukuk issuances |
With Sukuk listings denominated in multiple currencies, including the US dollar and UAE dirham, Nasdaq Dubai provides issuers with access to a broad and diverse investor base. This makes it a preferred destination for both sovereign and corporate Sukuk issuances seeking international visibility.
Recent Notable Issuances
Earlier this week, Binghatti Holding, one of Dubai’s prominent developers, listed a USD 500 million Sukuk on Nasdaq Dubai. The issuance, which was oversubscribed five times with orders exceeding USD 2.5 billion, lifted Binghatti’s total Sukuk listings on the exchange to USD 1 billion.
Other high-profile listings in recent years have included issuances from the Government of Indonesia, Saudi Electricity Company, and Dubai Islamic Bank, underscoring the platform’s ability to attract both regional and international names.
Cementing Dubai’s Islamic Finance Leadership
Dubai’s continued dominance in Sukuk is aligned with the UAE’s long-term economic diversification agenda and its ambition to become the capital of the Islamic economy. Nasdaq Dubai’s growing portfolio strengthens investor confidence and enhances the emirate’s competitive edge in global capital markets.
With Sukuk listings reaching USD 98.6 billion in value, the exchange has positioned itself alongside Kuala Lumpur and London as one of the world’s top centers for Islamic bond issuance.
