Abu Dhabi – Mubasher: Nasdaq Dubai recently welcomed the listing of $500 million Sukuk by Sharjah Islamic Bank (SIB), as part of the lender’s $3 billion Trust Certificate Issuance Programme.
The five-year Sukuk will mature in November 2030, holding a profit rate of 4.60%. Proceeds from the issuance will be used for the bank’s general corporate purposes, according to a press release.
This issuance marks the second Sukuk listed by Sharjah Islamic Bank on Nasdaq Dubai in 2025, bringing the UAE lender’s total Sukuk listings under this program on the exchange to $1.50 billion.
Deputy CEO of Sharjah Islamic Bank, Ahmed Saad, said: "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.”
Saad noted: “We remain committed to deepening our engagement with international capital markets and diversifying our funding sources in alignment with our long-term vision.”
He concluded: “This listing is an important milestone that supports our objective of sustaining strong liquidity and financing capabilities to serve our customers and community."
The continued collaboration between the ADX-listed lender and Nasdaq Dubai highlights the bank’s commitment to deepening its engagement with global capital markets and its pivotal role in supporting the UAE’s Islamic finance ecosystem.
Meanwhile, Hamed Ali, the CEO of Nasdaq Dubai and DFM, said: “Sharjah Islamic Bank’s new Sukuk listing reflects the continued confidence that regional issuers place in Dubai’s capital markets.”
Ali added: “Each listing contributes to the depth and credibility of the UAE’s financial infrastructure, providing efficient access to a broad international investor base.”
The DFM CEO concluded: “Nasdaq Dubai remains committed to supporting this momentum and strengthening the UAE’s role as a global hub for Islamic finance.”
It is worth noting that the total outstanding value of Sukuk listed on Nasdaq Dubai has reached $103 billion, reaffirming its position among the world’s largest venues for Islamic fixed-income securities.
Meanwhile, the total outstanding value of debt listings on Nasdaq Dubai now exceeds $144 billion, which underscores Dubai’s role as a leading centre for capital raising and cross-border investment flows.
In June 2025, Sharjah Islamic Bank listed $500 million Additional Tier 1 (AT1) Sukuk on Nasdaq Dubai.
As for the financial results, the UAE lender recorded higher net profits at AED 1.10 billion in the first nine months (9M) of 2025 when compared with AED 891.27 million in 9M-24.
