Sharjah Islamic Bank Debuts $500M Sukuk on Nasdaq Dubai

Post by : Bianca Suleiman

Sharjah Islamic Bank (SIB) has proudly listed a USD 500 million Sukuk on Nasdaq Dubai, marking a significant accomplishment under its USD 3 billion Trust Certificate Issuance Programme. This five-year Sukuk, set to mature in November 2030, features a profit rate of 4.6% and has garnered substantial interest from both regional and international investors.

This marks SIB's second Sukuk listing in 2025 on Nasdaq Dubai, elevating its cumulative Sukuk listings on the exchange to USD 1.5 billion. The proceeds from this issuance will be utilized to bolster the bank's corporate activities, demonstrating its commitment to strategic growth and effective liquidity management.

The listing emphasizes Sharjah Islamic Bank's dedication to enhancing its presence in global capital markets while contributing to the expanding Islamic finance framework in the UAE. The ongoing partnership with Nasdaq Dubai underscores the city's pivotal role as a center for innovative Islamic finance solutions and cross-border investments.

The total value of Sukuk currently listed on Nasdaq Dubai is now USD 103 billion, affirming the exchange's status as one of the premier locales for Islamic fixed-income securities. Additionally, total debt listings on the platform have exceeded USD 144 billion, indicating Dubai's growing prominence in capital raising and international investor outreach.

This recent listing underscores the confidence in Sharjah Islamic Bank's fiscal robustness and strategic vision, solidifying Dubai's reputation as a key center for Islamic finance and regional capital markets.