Nasdaq Dubai welcomed the inclusion of sukuks worth $500 million, issued by Sharjah Islamic Bank, as part of its program for issuing credit certificates, with a value of 3 billion US dollars. The sukuks mature after five years in November 2030, with a profit return of 4.6%.
According to a press release issued today, this issuance witnessed strong demand from a broad base of regional and international investors, affirming confidence in the bank’s financial strength and strategic vision.
This is the second listing of Sharjah Islamic Bank on Nasdaq Dubai during the year 2025, bringing the total value of the bank’s sukuk listings under this program to $1.5 billion. The proceeds from the issue will be allocated to meet the general institutional needs of Sharjah Islamic Bank.
The ongoing cooperation between Sharjah Islamic Bank and Nasdaq Dubai continues to highlight the bank’s commitment to enhancing its presence in global financial markets, and its pivotal role in supporting the Islamic finance system in the UAE.
To celebrate the listing, His Excellency Ahmed Saad, Executive Vice President of Sharjah Islamic Bank, rang the opening bell of the trading session at Nasdaq Dubai, along with Hamed Ali, CEO of the Dubai Financial Market and Nasdaq Dubai.
His Excellency Ahmed Saad, Executive Vice President of Sharjah Islamic Bank, said that the successful listing of Sharjah Islamic Bank’s Sukuk worth $500 million reaffirms the high level of confidence enjoyed by the bank by regional and international investors, and reflects the strength of its financial position and the solidity of its growth strategy. This listing comes as a culmination of the bank’s established approach to strengthening its presence in the global capital markets and diversifying funding sources in a way that supports the sustainability of the bank’s business and its ability to meet the needs of its customers efficiently.
He added that this issuance is considered an essential step in the bank’s journey towards consolidating its position as one of the most prominent financial institutions in the Islamic banking sector, and enhancing its role in supporting economic growth and serving society.
For his part, Hamed Ali, CEO of Nasdaq Dubai and the Dubai Financial Market, welcomed the listing of the new Sukuk from Sharjah Islamic Bank, as this listing confirms the growing confidence that regional issuers have in the capital markets in Dubai. Each new listing provides the financial infrastructure in the UAE with more confidence and credibility, and at the same time provides an effective platform to reach a wide spectrum of international investors, and Nasdaq Dubai continues to strengthen this momentum and consolidate the UAE’s position. A leading global center in the field of Islamic finance.
With this listing, the total value of Sukuk listed on Nasdaq Dubai has risen to $103 billion, strengthening its position as one of the largest Islamic fixed income trading platforms in the world.
The total value of debt instrument listings on Nasdaq Dubai exceeded $144 billion, confirming Dubai’s role as a leading center for raising capital and cross-border investment flows. WAM
