{
  "id": 17206242,
  "title": "Sharjah Islamic Bank’s $500 million sukuk joins Nasdaq Dubai",
  "url": "https://urgent.news/2026/10/30/sharjah-islamic-banks-500-million-sukuk-joins-nasdaq-dubai",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T06:12:11.000Z",
  "source": {
    "name": "Arabian Post",
    "slug": "arabian-post",
    "url": "https://thearabianpost.com/sharjah-islamic-banks-500-million-sukuk-joins-nasdaq-dubai/"
  },
  "original_language": "en",
  "account": "Nasdaq Dubai officially listed a $500 million sukuk issued by Sharjah Islamic Bank on Thursday, after an offering that drew $1.3 billion in investor orders, significantly exceeding the $500 million in face value available. The five-year senior unsecured Islamic financing instrument, issued by SIB Sukuk Company III Limited, offers a 5.850 percent profit rate and will mature in September 2031. The securities are traded on both Nasdaq Dubai and Euronext Dublin, providing international institutional investors with access to the bank's dollar-denominated Islamic securities. Demand for the issue surpassed 2.6 times the face value, with orders coming from regional and international institutional investors. Ahmed Saad Ibrahim, deputy chief executive officer of Sharjah Islamic Bank, rang the opening bell at Nasdaq Dubai to celebrate the listing, alongside Dubai Financial Market's chief executive, Hamed Ali. Sharjah Islamic Bank now has 11 sukuk listings on Nasdaq Dubai, totaling $5.5 billion in aggregate value, as the firm aims to diversify its funding sources and meet customer demands. The bank's management attributes the high order level to investor confidence in the institution's financial position and strategy.",
  "summary": "Arabian Post Staff -Dubai Nasdaq Dubai marked the listing of a $500 million sukuk from Sharjah Islamic Bank on Thursday, following an offering that attracted $1.3 billion in investor orders, more than twice the amount available. The five-year, senior unsecured Islamic financing instrument, issued through SIB Sukuk Company III Limited, carries a profit rate of 5.850 per cent and matures in…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}