Nasdaq Dubai welcomes SIB's Sukuk listing of $500 million

Nasdaq Dubai has welcomed the listing of a $500 million Sukuk by Sharjah Islamic Bank (SIB), issued under its $3 billion Trust Certificate Issuance Programme. The five-year Sukuk, maturing in November 2030, carries a profit rate of 4.6 per cent.

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The issuance attracted strong demand from regional and international investors, reflecting confidence in Sharjah Islamic Bank's financial strength and strategic direction.

This issuance marks the second Sukuk listed by SIB on Nasdaq Dubai in 2025, bringing the bank's total Sukuk listings under this programme on the exchange to $1.5 billion. Proceeds from the issuance will be used for the bank's general corporate purposes.

The continued collaboration between SIB 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.

To commemorate the listing, Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, rang the market-opening bell at Nasdaq Dubai in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).

"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. We remain committed to deepening our engagement with international capital markets and diversifying our funding sources in alignment with our long-term vision," Saad said.