emirates7 - Nasdaq Dubai has announced the listing of a US$500 million Additional Tier 1 (AT1) Sukuk issued by Sharjah Islamic Bank (SIB).
These perpetual, non-call six-year AT1 Capital Certificates were issued by SIB Tier 1 Sukuk IIND Ltd and comply with Basel III regulations. The issuance attracted strong interest from both regional and international investors, providing Sharjah Islamic Bank with additional capital to support its long-term growth objectives.
This latest offering raises the Bank’s total outstanding amount on Nasdaq Dubai to $2.5 billion across five listings. It also highlights Dubai’s important role in advancing the Islamic capital markets sector.
To celebrate the occasion, Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, rang the market opening bell at Nasdaq Dubai, alongside Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
Saad remarked, “The successful listing of our $500 million perpetual Additional Tier 1 Sukuk on Nasdaq Dubai represents a key milestone in Sharjah Islamic Bank’s strategic growth path. This issuance demonstrates our strong financial fundamentals, investor confidence, and dedication to maintaining a solid capital base aligned with Basel III standards.”
Ali added, “This listing goes beyond capital raising — it signals a broader transformation as regional institutions like Sharjah Islamic Bank help deepen local debt markets. As demand for diverse, Shariah-compliant financial instruments grows, Nasdaq Dubai is proud to be a leading platform for innovation in Islamic finance.
“The surge in Sukuk issuances reflects a maturing financial ecosystem where regional ambitions attract global capital. SIB’s ongoing involvement highlights the critical role financial institutions play in developing resilient and forward-looking capital markets in the UAE and beyond.”
Following this listing, the total value of Sukuk on Nasdaq Dubai has reached $95.7 billion, reinforcing its position as one of the world’s largest venues for Islamic fixed-income securities.
Nasdaq Dubai’s overall debt capital market now exceeds $136 billion across 160 listings, signaling increasing international trust in Dubai as a gateway for capital flows between the Middle East and global markets.
These perpetual, non-call six-year AT1 Capital Certificates were issued by SIB Tier 1 Sukuk IIND Ltd and comply with Basel III regulations. The issuance attracted strong interest from both regional and international investors, providing Sharjah Islamic Bank with additional capital to support its long-term growth objectives.
This latest offering raises the Bank’s total outstanding amount on Nasdaq Dubai to $2.5 billion across five listings. It also highlights Dubai’s important role in advancing the Islamic capital markets sector.
To celebrate the occasion, Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, rang the market opening bell at Nasdaq Dubai, alongside Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
Saad remarked, “The successful listing of our $500 million perpetual Additional Tier 1 Sukuk on Nasdaq Dubai represents a key milestone in Sharjah Islamic Bank’s strategic growth path. This issuance demonstrates our strong financial fundamentals, investor confidence, and dedication to maintaining a solid capital base aligned with Basel III standards.”
Ali added, “This listing goes beyond capital raising — it signals a broader transformation as regional institutions like Sharjah Islamic Bank help deepen local debt markets. As demand for diverse, Shariah-compliant financial instruments grows, Nasdaq Dubai is proud to be a leading platform for innovation in Islamic finance.
“The surge in Sukuk issuances reflects a maturing financial ecosystem where regional ambitions attract global capital. SIB’s ongoing involvement highlights the critical role financial institutions play in developing resilient and forward-looking capital markets in the UAE and beyond.”
Following this listing, the total value of Sukuk on Nasdaq Dubai has reached $95.7 billion, reinforcing its position as one of the world’s largest venues for Islamic fixed-income securities.
Nasdaq Dubai’s overall debt capital market now exceeds $136 billion across 160 listings, signaling increasing international trust in Dubai as a gateway for capital flows between the Middle East and global markets.