Sharjah Islamic Bank Boosts Nasdaq Dubai's Sukuk Market with $500 Million AT1 Listing

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Sharjah Islamic Bank Sukuk Listing

In a landmark move for Islamic finance, Sharjah Islamic Bank (SIB) has successfully listed a $500 million Additional Tier 1 (AT1) sukuk on Nasdaq Dubai, further cementing the exchange's position as a global hub for Sharia-compliant securities.

This strategic listing marks SIB's fifth sukuk offering on the exchange, bringing its total outstanding listings to an impressive $2.5 billion. The transaction also pushes Nasdaq Dubai's total sukuk listings to $95.7 billion, reinforcing its status as one of the world's premier destinations for Islamic fixed-income instruments.

The broader debt capital market at Nasdaq Dubai has now exceeded $136 billion across 160 listings, demonstrating growing international confidence in Dubai's role as a financial bridge connecting Middle Eastern markets with global investors.

The perpetual AT1 Capital Certificates, issued through SIB Tier 1 Sukuk IIND Ltd and compliant with Basel III regulations, feature a non-call period of six years. The offering garnered substantial interest from both regional and international investors, providing Sharjah Islamic Bank with additional capital to support its ambitious expansion plans.

The listing was commemorated by Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, who rang the market opening bell at Nasdaq Dubai alongside Hamed Ali, CEO of both Nasdaq Dubai and Dubai Financial Market (DFM).

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