Nasdaq Dubai’s Sukuk Listings Reach $97.2 Billion, Solidifying Global Leadership in Islamic Finance
Nasdaq Dubai has achieved a significant milestone, with the total value of Sukuk listed on its exchange reaching $97.2 billion, further cementing its status as a global leader in Islamic finance.
This development follows the successful listing of a $500 million Sukuk by Mashreq Bank, issued under its $2.5 billion Trust Certificate Issuance Programme. The Sukuk, set to mature in 2030, attracted strong investor interest, with an order book nearly six times oversubscribed, totaling $2.9 billion.
Ahmed Abdelaal, Group CEO of Mashreq, remarked, “Our debut listing on Nasdaq Dubai marks a new chapter in Mashreq’s capital markets journey. This Sukuk issuance not only attracted strong investor interest but also affirms our disciplined approach to funding, even in a complex macro environment.”
Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, stated, “This listing reflects Mashreq’s growing ambitions in the Islamic finance sector and underscores our role as a leading marketplace that connects regional issuers with global investors.”
The surge in Sukuk listings is indicative of Dubai’s strategic vision to diversify its financial offerings and strengthen its position as a hub for Sharia-compliant financing. With the total value of debt securities listed on Nasdaq Dubai now exceeding $140 billion across 163 issuances, the exchange continues to attract significant interest from both regional and international investors.
This growth not only reflects the maturity of the UAE’s capital markets but also highlights the increasing global appeal of Islamic finance instruments.
