Binghatti Lists USD 500 Million Sukuk On Nasdaq Dubai Market

Post by : Mumtaaz Qadiri

Nasdaq Dubai, the international financial exchange in the region, welcomed the listing of a USD 500 million Sukuk issued by Binghatti Holding, a leading property developer based in Dubai. The Sukuk is part of Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme.

The Sukuk will mature in 2030 and received overwhelming interest from investors. It was oversubscribed five times, with more than USD 2.5 billion in orders from both regional and international investors. Due to this strong demand, the issuance was priced at a profit rate of 8.125%, which is much tighter than the initial guidance.

Market Opening Ceremony

To celebrate the listing, Muhammad BinGhatti, Chairman of Binghatti Holding, rang the opening bell at Nasdaq Dubai. Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, was also present. The Sukuk is additionally listed on the London Stock Exchange, giving it global visibility.

Muhammad BinGhatti highlighted that this listing is an important milestone in Binghatti’s growth. He said the strong investor demand shows confidence in the company’s financial strength and long-term vision.

Investor Confidence And Strong Demand

The successful listing demonstrates the strong interest in Islamic finance instruments. Binghatti’s Sukuk received commitments worth more than five times the amount being issued. This high level of oversubscription reflects the trust and confidence regional and international investors have in the company and the broader Dubai capital markets.

Hamed Ali, CEO of Nasdaq Dubai, emphasized that this listing shows the continued global demand for Islamic finance. He also noted that Dubai remains an attractive hub for companies looking to connect with a diverse range of investors through its capital markets.

Growth Of Binghatti In Islamic Finance

With this latest listing, Binghatti’s total Sukuk on Nasdaq Dubai has reached USD 1 billion. This growth reflects the company’s commitment to using Sukuk as a tool to fund its expansion projects while offering investors attractive returns in compliance with Islamic finance principles.

The company’s approach demonstrates a strong balance between its property development activities and financial strategies, enabling it to maintain investor trust and expand its footprint in the UAE and globally.

Nasdaq Dubai Strengthens Islamic Finance Hub

Nasdaq Dubai continues to play a key role as a global center for Islamic finance. With this latest listing, the total value of Sukuk on the exchange has reached USD 98.6 billion across 108 listings. This makes Nasdaq Dubai one of the world’s leading platforms for Sukuk, providing investors with access to Shariah-compliant financial instruments and supporting the growth of the Islamic finance sector.

The exchange has successfully attracted international companies and investors, reflecting its reputation as a reliable and transparent financial marketplace in the Middle East.

Importance Of Sukuk For Investors

Sukuk is an Islamic finance instrument similar to bonds but compliant with Shariah principles. Investors receive returns without violating Islamic laws, which prohibit interest. By listing Sukuk, companies like Binghatti can raise capital for growth projects while offering investors an ethical and profitable investment option.

The strong oversubscription of Binghatti’s Sukuk indicates high investor confidence in such Shariah-compliant instruments. Both regional and international investors view Dubai as a stable and growing market for Islamic finance investments.

Binghatti’s Strategic Growth Plans

Binghatti Holding has grown significantly in Dubai’s property sector and is now using financial markets to support its development goals. By issuing Sukuk, the company can fund its projects, including residential and commercial properties, while expanding its influence in the global financial market.

The listing also strengthens Binghatti’s reputation as a company with strong financial management and strategic planning. Investors see the company’s Sukuk as a reliable way to participate in Dubai’s booming real estate and infrastructure market.

Global Significance Of Dubai Capital Markets

The successful Sukuk listing highlights the increasing importance of Dubai as a global financial center. Nasdaq Dubai provides a platform where companies can raise funds internationally, connect with investors, and enhance their credibility.

Dubai’s commitment to supporting Islamic finance and attracting international investments strengthens its position as a hub for Shariah-compliant financial instruments, making it an attractive market for investors seeking ethical and profitable opportunities.

The USD 500 million Sukuk issued by Binghatti Holding and listed on Nasdaq Dubai shows strong investor confidence, highlights the growth of Islamic finance, and marks a major milestone for the company. With total Sukuk listings now reaching USD 98.6 billion, Nasdaq Dubai continues to grow as a leading global platform for Shariah-compliant investments. Binghatti’s expansion and strategic financial planning exemplify how companies can successfully combine real estate development with financial innovation, creating opportunities for investors and contributing to Dubai’s economic growth.

Binghatti Sukuk Listing, Nasdaq Dubai Finance, Islamic Bonds Investment