Sharjah Islamic Bank’s $500 million Sukuk listing boosts Dubai’s Islamic finance goals.

Sharjah Islamic Bank (SIB) has made a significant move in its international Islamic finance journey by listing a $500 million perpetual Sukuk on Nasdaq Dubai.

This issuance, which features a non-call period of six years and adheres to Basel III standards, was finalised on June 10, 2025. It drew strong interest from both regional and global investors, emphasising the confidence in SIB’s stability and Dubai’s reputation as a leading centre for Sharia-compliant capital markets.

This step increases SIB’s total Sukuk listings on Nasdaq Dubai to $2.5 billion across five offerings. The overall Sukuk value on the exchange now reaches an impressive $95.7 billion. Nasdaq Dubai CEO Hamed Ali stated that this listing shows a strategic shift, with Gulf-based institutions actively expanding local debt markets to meet the rising demand for varied Islamic financial instruments.

SIB’s Deputy CEO, Ahmed Saad, noted that the Sukuk supports SIB Bank’s long-term growth plans and compliance with Basel III capital rules. This emphasises the high level of investor trust in SIB’s governance. Market analysts see this issuance as part of a wider trend, with GCC Sukuk volumes expected to grow by around 12% in 2025.

This expansion is fueled by continued economic diversification and the growing popularity of ESG-tied Islamic financial instruments. The AT1 Sukuk’s profit-sharing model, more aligned with ethical investing values than interest-paying returns, is attractive to global institutional investors in pursuit of responsible fixed-income instruments. (Source: Zawya, Nasdaq Dubai)

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