Nasdaq Dubai Welcomes $500 Million Sukuk Listing By Sharjah Islamic Bank Amid Strong Investor Demand

Sharjah Islamic Bank (SIB) has successfully listed a US$500 million Sukuk on Nasdaq Dubai. This issuance is part of its US$3 billion Trust Certificate Issuance Programme. The five-year Sukuk, set to mature in November 2030, offers a profit rate of 4.6 percent. The strong demand from both regional and international investors highlights confidence in SIB's financial health and strategic vision.

This listing represents the second Sukuk by SIB on Nasdaq Dubai in 2025, raising the bank’s total Sukuk listings under this programme to $1.5 billion. The funds raised will support the bank’s general corporate activities. This collaboration underscores SIB's commitment to engaging with global capital markets and supporting the UAE’s Islamic finance sector.

Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, marked the occasion by ringing the market-opening bell at Nasdaq Dubai. Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), was also present. Saad stated, "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."

He further mentioned that this listing is crucial for maintaining strong liquidity and financing capabilities to benefit customers and the community. Saad emphasized their dedication to engaging with international capital markets and diversifying funding sources in line with their long-term goals.

Hamed Ali commented on the significance of SIB's new Sukuk listing: "Sharjah Islamic Bank’s new Sukuk listing reflects the continued confidence that regional issuers place in Dubai’s capital markets." He highlighted how each listing enhances the depth and credibility of the UAE’s financial infrastructure by providing efficient access to a wide international investor base.

The total outstanding value of Sukuk listed on Nasdaq Dubai has now reached $103 billion, reinforcing its status as one of the world’s largest platforms for Islamic fixed-income securities. Additionally, debt listings on Nasdaq Dubai have surpassed $144 billion, highlighting Dubai's prominence as a hub for capital raising and cross-border investments.

Nasdaq Dubai remains dedicated to supporting this growth momentum and strengthening the UAE’s position as a global centre for Islamic finance. The ongoing partnership between SIB and Nasdaq Dubai exemplifies their shared commitment to advancing financial opportunities within the region.

With inputs from WAM