The total value of sukuk listed on Nasdaq Dubai rises to US$ 103 billion

Dubai, UAE : Nasdaq Dubai welcomed the listing of a $500 million sukuk issued by Sharjah Islamic Bank under its $3 billion Trust Certificate Issuance Programme. The sukuk matures in five years in November 2030 and offers a profit rate of 4.6%.

This issuance witnessed strong demand from a broad base of regional and international investors, confirming confidence in the bank's financial strength and strategic vision. This is Sharjah Islamic Bank's second listing on Nasdaq Dubai in 2025, bringing the total value of the bank's sukuk issuances under this program to $1.5 billion. The proceeds will be allocated to meet Sharjah Islamic Bank's general corporate needs .

The ongoing collaboration between Sharjah Islamic Bank and Nasdaq Dubai continues to highlight the bank’s commitment to strengthening its presence in global financial markets and its pivotal role in supporting the Islamic finance ecosystem in the UAE.

To celebrate the listing, His Excellency Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, rang the opening bell at Nasdaq Dubai, alongside Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai.

On this occasion, His Excellency Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, said : “ The successful listing of Sharjah Islamic Bank’s $500 million sukuk reaffirms the high level of confidence the bank enjoys from regional and international investors, and reflects the strength of its financial position and the robustness of its growth strategy. This listing is the culmination of our established approach to strengthening our presence in global capital markets and diversifying our funding sources, which supports the sustainability of the bank’s business and its ability to efficiently meet the needs of its customers. We consider this issuance a key milestone in the bank’s journey towards consolidating its position as one of the leading financial institutions in the Islamic banking sector, and enhancing its role in supporting economic growth and serving the community .”

Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, said: “We are delighted to welcome the new sukuk listing from Sharjah Islamic Bank. This listing confirms the growing confidence that regional issuers have in Dubai’s capital markets. Every new listing adds more confidence and credibility to the UAE’s financial infrastructure, while also providing an effective platform to access a wide range of international investors. Nasdaq Dubai continues to build on this momentum and consolidate the UAE’s position as a leading global center for Islamic finance.”

With this listing, the total value of sukuk listed on Nasdaq Dubai has risen to $ 103 billion, reinforcing its position as one of the world’s largest platforms for trading Islamic fixed-income instruments.

The total value of debt instrument listings on Nasdaq Dubai also exceeded $ 144 billion, confirming Dubai’s role as a leading hub for raising capital and cross-border investment flows.

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About Nasdaq Dubai

Nasdaq Dubai is the international financial exchange for the region between Western Europe and East Asia. The exchange welcomes regional and international issuers seeking to capitalize on investment opportunities at both the regional and global levels. It currently lists equities, derivatives, sukuk (Islamic bonds), conventional bonds, and real estate investment trusts (REITs ). The Dubai Financial Market (DFM) is the majority shareholder of Nasdaq Dubai, holding two-thirds of the shares, while Dubai Exchange (DEX) owns the remaining third. The Dubai Financial Services Authority (DFSA) is the regulatory body for Nasdaq Dubai.

For media inquiries, please contact:

Noura Al-Souri

Communication and Public Relations

Dubai Financial Market

Phone: +971 4 3055437

Email: nalsoori@dfm.ae

hfield@edelman.com

About Sharjah Islamic Bank :

Sharjah Islamic Bank was established in 1975 by an Emiri decree issued by His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, under the name National Bank of Sharjah. On July 1, 2002, the bank successfully completed the first transformation of its kind globally, from a conventional bank to an Islamic bank, offering advanced Islamic banking services.

The bank is committed to providing comprehensive services to individuals, companies, and institutions operating in the UAE. Its diverse services include buying, selling, and trading foreign currencies; issuing remittances, sukuk, and bonds; executing transfer requests; offering personal and business financing; issuing credit cards; and opening current, savings, and deposit accounts.

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