On October 29, 2026, Nasdaq Dubai celebrated the listing of a USD 500 million Sukuk issued by Sharjah Islamic Bank (SIB). This significant event was marked by a bell-ringing ceremony, symbolizing the Bank's continued commitment to the global capital markets. The Sukuk, maturing in September 2031, carries a profit rate of 5.850% and was oversubscribed by 2.6 times, attracting orders worth USD 1.3 billion from a diverse pool of regional and international investors.

This listing is not just a financial transaction; it is a testament to the confidence investors have in SIB's financial strength and strategic direction. The Sukuk, rated A- by S&P Global Ratings, is dual-listed on Nasdaq Dubai and Euronext Dublin, showcasing the Bank's robust international presence.

Sharjah Islamic Bank has a history of successful Sukuk issuances, with this being the 11th listing on Nasdaq Dubai, totaling USD 5.5 billion. This track record underscores the Bank's ability to consistently access international capital markets, thereby diversifying its funding sources and strengthening its financial position.

Ahmed Saad Ibrahim, Deputy CEO of Sharjah Islamic Bank, emphasized the importance of this listing in supporting the Bank's growth strategy and meeting evolving customer needs. He highlighted the Bank's focus on sustainable growth, balancing expansion with financial strength, and enhancing long-term value for shareholders and investors.

Hamed Ali, CEO of Nasdaq Dubai and DFM, noted the longstanding relationship between Nasdaq Dubai and Sharjah Islamic Bank. He pointed out that such listings provide investors with access to Sharia-compliant assets linked to the UAE economy, further solidifying the UAE's position as a hub for Islamic finance.

Given the strong demand and strategic importance of this Sukuk issuance, investors may consider holding onto their investments in Sharjah Islamic Bank. The Bank's consistent performance and strategic initiatives suggest a stable outlook, making it a potentially valuable component of a diversified investment portfolio.