Sharjah Islamic Bank lists $500m Sukuk on Nasdaq Dubai

Nasdaq Dubai has welcomed the listing of a $500 million Sukuk issued by Sharjah Islamic Bank (SIB), adding to the steady flow of Islamic fixed income activity on the exchange.

The five-year instrument, issued under the bank’s $3 billion Trust Certificate Issuance Programme, matures in November 2030 and carries a profit rate of 4.6 percent.

According to Nasdaq Dubai, the issuance drew strong demand from both regional and international investors, signalling confidence in the bank’s balance sheet, strategy and long-term funding plans. It is the second Sukuk that SIB has listed on the exchange in 2025, bringing its total outstanding Sukuk listings on Nasdaq Dubai under the programme to $1.5 billion. SIB said proceeds will be used for general corporate purposes.

Sharjah Islamic Bank

To mark the listing, Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, rang the market opening bell at Nasdaq Dubai. He was joined by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market.

Saad said: “The successful listing of our US$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. We remain committed to deepening our engagement with international capital markets and diversifying our funding sources in alignment with our long-term vision.”

Hamed Ali said the latest listing underscores sustained trust in Dubai’s capital markets. “Sharjah Islamic Bank’s new Sukuk listing reflects the continued confidence that regional issuers place in Dubai’s capital markets. Each listing contributes to the depth and credibility of the UAE’s financial infrastructure, providing efficient access to a broad international investor base. Nasdaq Dubai remains committed to supporting this momentum and strengthening the UAE’s role as a global hub for Islamic finance.”

The exchange remains one of the world’s largest venues for Islamic debt. The total outstanding value of Sukuk listed on Nasdaq Dubai now stands at $103 billion. When conventional bonds and other debt instruments are included, total outstanding debt listings exceed $144 billion.

Nasdaq Dubai said this highlights Dubai’s position as a leading centre for capital raising and cross border investment flows.

SIB, which has grown its presence in international markets over recent years, said it will continue to align its funding strategy with long term liquidity needs while supporting the wider development of the UAE’s Islamic finance ecosystem.