Nasdaq Dubai has invited the listing of a $ 500 million Sukuk provided by Sharjah Islamic Bank (SIB), contributing to the consistent circulation of Islamic fixed revenue activity on the exchange.
The five-year instrument, released under the financial institution’s $ 3 billion Trust fund Certification Issuance Programme, matures in November 2030 and carries a profit price of 4 6 percent.
According to Nasdaq Dubai, the issuance drew strong need from both local and global investors, signalling confidence in the bank’s balance sheet, approach and lasting funding strategies. It is the 2nd Sukuk that SIB has listed on the exchange in 2025, bringing its overall exceptional Sukuk listings on Nasdaq Dubai under the programme to $ 1 5 billion. SIB stated earnings will be made use of for general company functions.
Sharjah Islamic Bank
To note the listing, Ahmed Saad, Deputy CEO of Sharjah Islamic Bank , sounded the marketplace opening bell at Nasdaq Dubai. He was signed up with by Hamed Ali, Chief Executive Officer of Nasdaq Dubai and Dubai Financial Market.
Saad claimed: “The successful listing of our US$ 500 million Sukuk mirrors the continued self-confidence that regional and international capitalists put in Sharjah Islamic Financial institution’s approach, economic toughness, and prudent growth version. We stay committed to deepening our engagement with global resources markets and expanding our financing resources in alignment with our lasting vision.”
Hamed Ali said the most recent listing underscores continual rely on Dubai’s capital markets. “Sharjah Islamic Financial institution’s brand-new Sukuk listing mirrors the continued self-confidence that local issuers put in Dubai’s funding markets. Each listing contributes to the depth and integrity of the UAE’s economic framework, providing effective accessibility to a broad international investor base. Nasdaq Dubai continues to be fully commited to supporting this energy and reinforcing the UAE’s duty as a global hub for Islamic finance.”
The exchange remains among the world’s largest locations for Islamic debt. The overall superior value of Sukuk noted on Nasdaq Dubai now stands at $ 103 billion. When standard bonds and various other financial debt instruments are included, complete arrearage listings surpass $ 144 billion.
Nasdaq Dubai said this highlights Dubai’s placement as a leading centre for capital raising and go across border financial investment moves.
SIB, which has grown its presence in global markets over recent years, stated it will remain to align its funding approach with long-term liquidity requires while supporting the larger development of the UAE’s Islamic finance ecological community.
