Nasdaq Dubai has announced the listing of a US$500 million Sukuk issued by Sharjah Islamic Bank (SIB) under its U.S.$3 billion Trust Certificate Issuance Programme. The five-year Sukuk, which matures in November 2030, offers a profit rate of 4.6 percent.
The issuance saw strong interest from investors across the region and beyond, underscoring market confidence in Sharjah Islamic Bank’s solid financial position and long-term strategy.
This is SIB’s second Sukuk listing on Nasdaq Dubai in 2025, raising the total value of the bank’s Sukuk listed under the programme on the exchange to U.S.$1.5 billion. Funds raised will support the bank’s general corporate needs.
The ongoing partnership between SIB and Nasdaq Dubai reinforces the bank’s dedication to expanding its global capital markets presence and its key role in advancing the UAE’s Islamic finance landscape.
To mark the listing, Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, rang the market-opening bell at Nasdaq Dubai, joined by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
“The successful listing of our $500 million Sukuk reflects the continued confidence that regional and global investors place in Sharjah Islamic Bank’s strategy, financial strength, and prudent growth model. We remain committed to deepening our engagement with international capital markets and diversifying our funding sources in alignment with our long-term vision,” Saad said.
He added that the listing represents a major milestone supporting the bank’s efforts to maintain robust liquidity and financing capacity for customers and communities.
Ali said, “Sharjah Islamic Bank’s new Sukuk listing reflects the continued confidence that regional issuers place in Dubai’s capital markets. Each listing contributes to the depth and credibility of the UAE’s financial infrastructure, providing efficient access to a broad international investor base. Nasdaq Dubai remains committed to supporting this momentum and strengthening the UAE’s role as a global hub for Islamic finance.”
With this addition, the total outstanding value of Sukuk listed on Nasdaq Dubai has reached US$103 billion, solidifying its status as one of the leading global platforms for Islamic fixed-income instruments.
Overall outstanding debt listings on Nasdaq Dubai now exceed U.S.$144 billion, further affirming Dubai’s prominence as a major centre for capital raising and cross-border investment activity.
(Inputs from WAM)
