Post by : Bianca
Haleem
Sharjah Islamic Bank (SIB) has successfully introduced a USD 500 million Sukuk on Nasdaq Dubai, marking a significant achievement under its USD 3 billion Trust Certificate Issuance Programme. This five-year Sukuk, maturing in November 2030, offers a profit rate of 4.6% and has attracted substantial interest from both regional and international investors.
This marks SIB’s second Sukuk listing of 2025 on Nasdaq Dubai, bringing the total Sukuk listings in this programme on the exchange to USD 1.5 billion. The proceeds from this offering will bolster the bank's general corporate activities, underscoring its ongoing commitment to strategic growth and effective liquidity management.
The listing underscores Sharjah Islamic Bank’s dedication to enhancing its presence in global capital markets while fostering the UAE’s Islamic finance sector. Its continuing partnership with Nasdaq Dubai fortifies the city’s reputation as a center for cutting-edge Islamic financial solutions and cross-border investment opportunities.
Currently, the total Sukuk value listed on Nasdaq Dubai reaches USD 103 billion, affirming the exchange's status as a leading global venue for Islamic fixed-income securities. Additionally, total debt listings on the platform have exceeded USD 144 billion, illustrating Dubai’s expanding influence in capital raising and providing international investors with access.
This recent listing demonstrates confidence in Sharjah Islamic Bank’s financial stability and strategic vision, further establishing Dubai as a pivotal center for Islamic finance and regional capital markets.
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