Nasdaq Dubai today celebrated the listing of a USD 500 million Sukuk issued by Sharjah Islamic Bank (“SIB” or “the Bank”) through SIB Sukuk Company III Limited, following a market opening bell ringing ceremony at Nasdaq Dubai.

The five year Senior Unsecured Sukuk carries a profit rate of 5.850%, matures in September 2031, and attracted orders of USD 1.3 billion from regional and international institutional investors. Priced at 105 basis points over five year US Treasuries, the Sukuk is rated A- by S&P Global Ratings and is dual-listed on Nasdaq Dubai and Euronext Dublin.

Sharjah Islamic Bank has listed 11 Sukuk issuances totaling USD 5.5 billion on Nasdaq Dubai to date across both program and standalone issuances. To commemorate the listing, Ahmed Saad Ibrahim, Deputy Chief Executive Officer of Sharjah Islamic Bank, rang the market opening bell today at Nasdaq Dubai in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).

His Excellency Ahmed Saad Ibrahim, Deputy Chief Executive Officer of Sharjah Islamic Bank, said: “The success of this issuance and the strong demand it attracted demonstrate investors’ confidence in the Bank’s financial strength, performance and clear strategy. They also affirm its standing in international capital markets and its ability to attract regional and international investors, while reflecting confidence in the strength and growth prospects of the UAE economy. We view this response as a renewed responsibility to maintain strong performance and sound management, and to build on our achievements.”

“The listing of the sukuk on Nasdaq Dubai supports the diversification of our funding sources and strengthens our ability to seize growth opportunities and meet our customers’ evolving needs. We remain focused on delivering sustainable growth that balances expansion with financial strength and enhances long-term value for our shareholders and investors.” Ahmed added.

Hamed Ali, CEO of Nasdaq Dubai and DFM, said: “Sharjah Islamic Bank has accessed international capital markets with consistency across two decades, and this listing adds to a long-standing relationship with Nasdaq Dubai. When leading UAE financial institutions raise long-term funding to support growth at home, investors across the region and internationally gain access to Sharia-compliant assets linked to the UAE economy. Connecting that growth with global capital remains central to our role as a leading Sukuk listing venue.”

Nasdaq Dubai’s current outstanding Sukuk listings stand at USD 98.2 billion, within total outstanding exchange debt listings of USD 144.6 billion. The exchange serves as a hub connecting issuers with regional and international investors, supporting cross-border capital flows.