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Post by : Badri Ariffin
Sharjah Islamic Bank (SIB) has proudly announced the listing of its USD 500 million Sukuk on Nasdaq Dubai, marking a significant achievement within its USD 3 billion Trust Certificate Issuance Programme. This five-year Sukuk, which matures in November 2030, features a profit rate of 4.6% and has received robust interest from both local and global investors.
This listing marks SIB's second Sukuk for 2025 on Nasdaq Dubai, elevating its total Sukuk offerings on the platform to USD 1.5 billion. The funds accrued from this issuance will be directed towards the bank’s ongoing corporate functions, affirming its dedication to strategic growth and liquidity management.
The event underscores Sharjah Islamic Bank's intention to broaden its influence within international capital markets and its contribution to the evolving Islamic finance landscape in the UAE. The partnership with Nasdaq Dubai solidifies the emirate’s position as a pivotal center for pioneering Islamic finance solutions and facilitating cross-border investments.
The overall value of Sukuk listed on Nasdaq Dubai has now reached USD 103 billion, confirming the exchange’s stature as a premier venue for Islamic fixed-income securities. Additionally, total debt listings on this platform have surpassed USD 144 billion, highlighting Dubai’s widening role in enabling capital-generation and attracting global investors.
This recent Sukuk listing is a testament to the confidence in Sharjah Islamic Bank's financial stability and strategic vision, further establishing Dubai as a crucial hub for Islamic finance and regional market activities.
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