Sharjah Islamic Bank Lists $500M Sukuk on Nasdaq Dubai
Sharjah Islamic Bank strengthens its capital base with a new $500 million Sukuk listing, reinforcing Dubai's role in Islamic finance.
Summary
Sharjah Islamic Bank has listed a $500 million AT1 Sukuk on Nasdaq Dubai, enhancing its capital base and reinforcing Dubai's strategic role in Islamic finance.
In a significant development for the Islamic finance sector, Sharjah Islamic Bank (SIB) has successfully listed a USD 500 million Additional Tier 1 (AT1) Sukuk on Nasdaq Dubai. This move not only bolsters the bank's capital base but also underscores Dubai's growing influence as a hub for Islamic finance.
The perpetual, non-call six-year AT1 Capital Certificates were issued by SIB Tier 1 Sukuk IIND Ltd and are compliant with Basel III regulations. The issuance attracted strong interest from both regional and international investors, highlighting the robust confidence in SIB's financial health and strategic growth plans.
With this latest listing, SIB's total Sukuk listings on Nasdaq Dubai have reached USD 2.5 billion across five listings. This transaction also contributes to Nasdaq Dubai's total Sukuk listings, which have now climbed to USD 95.7 billion, cementing its status as one of the world's largest venues for Islamic fixed-income securities.
H.E. Ahmed Saad, DCEO of Sharjah Islamic Bank, expressed pride in this achievement, noting that the listing marks a significant milestone in the bank's strategic growth journey. He emphasized the bank's commitment to maintaining a solid capital base in line with Basel III requirements and contributing to the sustainable development of the UAE's financial sector.
Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), highlighted the broader implications of this listing, noting that it reflects a shift as regional institutions like SIB lead the deepening of local debt markets. As demand for diversified, Shariah-compliant instruments continues to grow, Nasdaq Dubai is positioned as a trusted platform for innovation in Islamic finance.
The momentum in Sukuk issuances signals a maturing financial ecosystem where local ambition meets global capital flows. SIB's continued engagement underscores the strategic role financial institutions play in building resilient, forward-looking capital markets across the UAE and beyond.
Given the strong fundamentals and strategic positioning of Sharjah Islamic Bank, coupled with the robust performance of Nasdaq Dubai as a platform for Islamic finance, investors might consider holding their positions in the bank. The continued growth in Sukuk listings and the bank's commitment to Basel III compliance indicate a stable and promising future.
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Summary
Nasdaq Dubai has announced the listing of a USD 500 million Additional Tier 1 Sukuk by Sharjah Islamic Bank (SIB), bringing SIB's total Sukuk listings on the exchange to USD 2.5 billion. This issuance, compliant with Basel III regulations, attracted significant interest from regional and international investors, supporting the bank's long-term growth plans. The listing also highlights Dubai's role in advancing the Islamic capital markets ecosystem. With this addition, the total value of Sukuk listed on Nasdaq Dubai has reached USD 95.7 billion, reinforcing its status as a major venue for Islamic fixed-income securities. Nasdaq Dubai's broader debt capital market now exceeds USD 136 billion across 160 listings, showcasing the growing international confidence in Dubai as a financial hub.
