Dubai Financial Market PJSC

Dubai Financial Market PJSC

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Nasdaq Dubai's Sukuk Market Surpasses $100 Billion

Summary

Nasdaq Dubai's Sukuk market has seen remarkable growth, surpassing $100 billion in outstanding value, driven by robust international issuance and strong investor demand.
Nasdaq Dubai has achieved a record-breaking year with its Sukuk market surpassing $100 billion, marking a significant milestone in its growth trajectory.

In a remarkable achievement, Nasdaq Dubai has posted its strongest year on record, with its Sukuk market surpassing an outstanding value of $100 billion. This milestone highlights the exchange's significant role in the global Islamic finance landscape and its appeal to both regional and international issuers.

Since its inception, Nasdaq Dubai has listed over $245 billion in cumulative bonds and Sukuk issuances, including $177 billion in Sukuk. The exchange's Sukuk market has grown eightfold since 2013, from $12.6 billion to over $100 billion, driven by robust international issuance and continued global investor demand for Sharia-compliant debt instruments.

The total value of outstanding debt securities listed across the Dubai Financial Market (DFM) and Nasdaq Dubai reached $150.9 billion in 2025, with Nasdaq Dubai accounting for $146.1 billion of the total. This growth aligns with the United Arab Emirates' National Strategy for Islamic Finance and Halal Industry, which aims to increase Sukuk listings significantly by 2031.

In 2025, Nasdaq Dubai recorded $30.6 billion in new debt listings across 60 issuances, marking a year of strong and diversified activity. The exchange attracted debut issuances from entities such as Ajman Bank, OMNIYAT, Mashreq, China Development Bank, and the New Development Bank. Additionally, repeat issuances under established programs further solidified Nasdaq Dubai's appeal to sovereign, supranational, financial, and corporate issuers.

Sovereign and government-related issuers continued to play a significant role in the exchange's activity. Issuances by the Republic of Indonesia, the UAE Federal Government, and the governments of Ras Al Khaimah and Sharjah reinforced Dubai's standing as a trusted gateway for global capital flows. Corporate and financial institution issuers also contributed to the diverse range of instruments listed, spanning conventional bonds, Sukuk, and other financial products.

Given this impressive growth trajectory and the strategic alignment with the UAE's national goals, Nasdaq Dubai appears to be well-positioned for continued success in the Islamic finance sector. For investors, this milestone presents a compelling case for holding the instrument, considering the robust market fundamentals and the ongoing demand for Sharia-compliant financial products.

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