10 Jun, 2025Nasdaq Dubai Welcomes Listing of USD 500 Million AT1 Sukuk by Sharjah Islamic Bank

• SIB’s total Sukuk listings on Nasdaq Dubai reach USD 2.5 billion

• Total Sukuk listed on Nasdaq Dubai climbs to USD 95.7 billion

Nasdaq Dubai today welcomed the listing of a USD 500 million Additional Tier 1 (AT1) Sukuk issued by Sharjah Islamic Bank (“SIB” or “the Bank”).

The perpetual, non-call six-year AT1 Capital Certificates were issued by SIB Tier 1 Sukuk IIND Ltd and are compliant with Basel III regulations. The issuance attracted strong interest from both regional and international investors, providing Sharjah Islamic Bank with additional capital to fuel its long-term growth plans.

This latest transaction brings the Bank’s total outstanding on Nasdaq Dubai to USD 2.5 billion across five listings. It also reinforces Dubai’s strategic role in advancing the Islamic capital markets ecosystem. To mark the occasion, HE. Ahmed Saad, DCEO of Sharjah Islamic Bank rang the market opening bell at Nasdaq Dubai in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).

H.E. Ahmed Saad, DCEO of Sharjah Islamic Bank, commented: “The successful listing of our USD 500 million perpetual Additional Tier 1 Sukuk on Nasdaq Dubai marks a significant milestone in Sharjah Islamic Bank’s strategic growth journey. This issuance reflects our strong fundamentals, robust investor confidence, and commitment to maintaining a solid capital base in line with Basel III requirements. We are proud to deepen our relationship with Nasdaq Dubai, a platform that continues to champion innovation and global best practices in Islamic finance. As we expand our presence in international markets, we remain committed to contributing to the sustainable development of the UAE’s financial sector and the broader Islamic capital market ecosystem."

Hamed Ali, CEO of Nasdaq Dubai and DFM, said: "This listing reflects more than capital raising —it's part of a broader shift as regional institutions like Sharjah Islamic Bank lead the deepening of local debt markets. As demand for diversified, Shariah-compliant instruments continues to grow, Nasdaq Dubai is proud to serve as a trusted platform for innovation in Islamic finance. The momentum we are seeing in Sukuk issuances signals a maturing financial ecosystem where local ambition meets global capital flows. SIB’s continued engagement underscores the strategic role financial institutions play in building resilient, forward-looking capital markets across the UAE and beyond."

With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached USD 95.7 billion, underlining its status as one of the world’s largest venues for Islamic fixed-income securities.

Nasdaq Dubai’s broader debt capital market has now surpassed USD 136 billion across 160 listings, reflecting growing international confidence in Dubai as a gateway for capital flows between the Middle East and the world.