Nasdaq Dubai announced the listing of a $500 million Sukuk issued by Mashreq, one of the leading financial institutions in the UAE.

The successful listing further reinforces Dubai’s position as a global hub for Islamic finance and strengthens Nasdaq Dubai’s status as the region’s leading platform for Sukuk listings. The listing ceremony was attended by senior executives from Nasdaq Dubai and Mashreq, highlighting the growing collaboration between financial markets and Islamic banking institutions.

A Key Milestone for Mashreq

This $500 million Sukuk issuance is part of Mashreq’s broader strategy to diversify its funding base and tap into the increasing global demand for Shariah-compliant financial instruments.

"The listing of our latest Sukuk on Nasdaq Dubai marks an important step in our ongoing efforts to support the growth of Islamic finance while meeting investor demand for ethical and Shariah-compliant investments," said Ahmed Abdelaal, Group CEO of Mashreq.

The Sukuk was issued under Mashreq’s $2 billion Trust Certificate Issuance Programme, which is aimed at enabling the bank to raise capital for strategic initiatives and expansion.


Strengthening Dubai’s Position as an Islamic Finance Hub

With this new listing, the total value of Sukuk listed on Nasdaq Dubai now exceeds $80 billion, underscoring Dubai’s growing stature in the global Islamic capital markets. Nasdaq Dubai continues to attract prominent issuers from both the public and private sectors due to its international investor base and robust regulatory framework.

"We are delighted to welcome Mashreq’s new Sukuk to Nasdaq Dubai’s platform. The listing highlights Dubai’s global leadership in Sukuk markets and reflects the confidence of regional and international issuers," commented Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market.

Positive Market Response

The issuance saw strong demand from a diverse range of investors across the Middle East, Asia, and Europe, with the order book significantly oversubscribed. This indicates the sustained appetite for high-quality Islamic finance products, particularly those issued by reputable financial institutions like Mashreq.

The Sukuk carries a fixed profit rate and a five-year maturity period.

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