In a move that electrifies the Islamic finance scene, Nasdaq Dubai has officially welcomed a whopping USD 500 million Additional Tier 1 (AT1) Sukuk listing from Sharjah Islamic Bank (SIB). This isn’t just a financial transaction—it’s a statement. A bold one. And it echoes across global markets with the thunder of Sharia-compliant ambition and strategic capital elevation.
Sharjah Islamic Bank’s listing of this perpetual Sukuk positions it at the cutting edge of financial innovation, blending modern capital-raising tools with the ethical framework of Islamic finance. AT1 Sukuks are perpetual bonds, meaning they have no maturity date, yet offer investors attractive returns—while giving the bank an upper hand in bolstering its Tier 1 capital. This listing not only strengthens SIB’s capital base but also enhances its ability to grow and remain resilient in dynamic market conditions.
The timing is impeccable. As global markets increasingly look towards ethical and sustainable finance, the UAE continues to lead from the front. This USD 500 million Sukuk is more than a capital-raising tool—it’s a flag planted in the fertile grounds of faith-based finance, signaling that Islamic instruments are not just competitive, but also vital in global financial ecosystems.
Nasdaq Dubai, known for hosting the region’s most diverse range of Sukuk issuers, including sovereigns and multinationals, once again proves its stature as the hub of Islamic capital markets. The listing reflects deep confidence in the Emirati financial landscape and highlights Sharjah’s growing financial sophistication.
It also paves the way for further innovations in Islamic finance, encouraging other institutions to explore similar AT1 structures while ensuring adherence to Sharia principles. With investor appetite on the rise and the UAE’s regulatory framework providing a strong backbone, this listing could be the spark for more AT1 action across the GCC.
Sharjah Islamic Bank’s move isn’t just about capital—it’s about credibility, creativity, and carving a space in the future of finance, where faith and fiscal strategy go hand in hand.
