Sharjah Islamic Bank Strengthens Capital Markets Presence with $500 Million Sukuk Listing

A five-year Senior Unsecured Sukuk from Sharjah Islamic Bank has found considerable appetite among regional and international institutional investors, reaffirming confidence in both the institution and the UAE economy.

The listing of Sharjah Islamic Bank’s $500 million Sukuk on Nasdaq Dubai underscores the enduring appeal of Sharia-compliant financing instruments to a broad spectrum of global capital markets participants. The five-year Senior Unsecured Sukuk, issued through SIB Sukuk Company III Limited, attracted orders totalling $1.3 billion, a measure of investor confidence that extends well beyond the emirates themselves.

Priced at 105 basis points over five-year US Treasuries and carrying a profit rate of 5.850 percent, the Sukuk matures in September 2031 and holds an A- rating from S&P Global Ratings. Its dual listing on both Nasdaq Dubai and Euronext Dublin reflects the sophisticated architecture of modern Islamic finance, one that connects regional issuers with international institutional money on a seamless basis.

The celebration of this listing comes as Sharjah Islamic Bank continues to deepen its relationship with Nasdaq Dubai’s capital markets infrastructure. The bank has now listed 11 Sukuk issuances totalling $5.5 billion through the exchange, a trajectory that speaks to the consistency with which leading UAE financial institutions are accessing global sources of long-term funding.

Ahmed Saad Ibrahim, Deputy Chief Executive Officer of Sharjah Islamic Bank, marked the occasion by ringing Nasdaq Dubai’s market opening bell. “The success of this issuance and the strong demand it attracted demonstrate investors’ confidence in the Bank’s financial strength, performance and clear strategy,” he observed, noting that the listing supports the diversification of the bank’s funding sources and strengthens its ability to capitalise on growth opportunities ahead.

For Nasdaq Dubai itself, the listing adds to its prominent position as a centre for Sukuk issuance. The exchange’s current outstanding Sukuk listings stand at $98.2 billion within total outstanding exchange debt listings of $144.6 billion, a portfolio that continues to expand as leading institutions draw on international capital markets to fund growth at home.

Hamed Ali, Chief Executive Officer of Nasdaq Dubai and Dubai Financial Market, reflected on the broader significance of the transaction. “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,” he noted. “Connecting that growth with global capital remains central to our role as a leading Sukuk listing venue.”

What it means for Abu Dhabi

This listing exemplifies the depth and sophistication of the UAE’s capital markets infrastructure and the capacity of its financial institutions to attract international investment at scale. Sharjah Islamic Bank’s success in securing $1.3 billion in orders from regional and international institutional investors reflects the confidence that global capital places in UAE-based enterprises and the broader strength of the national economy.

For Abu Dhabi and the emirates more broadly, the continued expansion of Sukuk listings and the growing appetite among international investors for Sharia-compliant instruments linked to UAE growth underscores the strategic value of maintaining robust financial markets infrastructure. The exchange’s role in connecting regional issuers with global capital continues to support cross-border capital flows that underpin economic diversification and institutional development.

Source: WAM

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