Sharjah Islamic Bank Boosts Nasdaq Dubai's Sukuk Market with $500 Million AT1 Listing
In a landmark move for Islamic finance, Sharjah Islamic Bank (SIB) has successfully listed a $500 million Additional Tier 1 (AT1) sukuk on Nasdaq Dubai, further cementing the exchange's position as a global hub for Sharia-compliant securities.
This strategic listing marks SIB's fifth sukuk offering on the exchange, bringing its total outstanding listings to an impressive $2.5 billion. The transaction also pushes Nasdaq Dubai's total sukuk listings to $95.7 billion, reinforcing its status as one of the world's premier destinations for Islamic fixed-income instruments.
The broader debt capital market at Nasdaq Dubai has now exceeded $136 billion across 160 listings, demonstrating growing international confidence in Dubai's role as a financial bridge connecting Middle Eastern markets with global investors.
The perpetual AT1 Capital Certificates, issued through SIB Tier 1 Sukuk IIND Ltd and compliant with Basel III regulations, feature a non-call period of six years. The offering garnered substantial interest from both regional and international investors, providing Sharjah Islamic Bank with additional capital to support its ambitious expansion plans.
The listing was commemorated by Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, who rang the market opening bell at Nasdaq Dubai alongside Hamed Ali, CEO of both Nasdaq Dubai and Dubai Financial Market (DFM).
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As Diwali 2026 draws near, the narrow streets of Dubai’s Gold Souq are once again glowing with excitement. Shoppers weave through shimmering displays of bangles, coins, and necklaces, their reflections flickering in the glass cases. But this year, there’s a quiet shift happening — not in enthusiasm, but in strategy.Despite gold hovering around record highs, festive buyers in Dubai are showing remarkable adaptability. The latest market data shows 24K gold trading near Dh510 per gram, while 22K st
Free Online ACCA Course in Singapore – Boost Your Accounting Career
Looking to advance your accounting career without spending a fortune? A free online ACCA course in Singapore can help you gain internationally recognized accounting skills, prepare for ACCA exams, and enhance your job prospects—all from the comfort of your home.
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Meghna Dixit is founder and CEO at Mevan Consulting. The Indian expatriate, 43, has been living in Dubai for 10 years, and says that one of her greatest life lessons is learning her own value, while her business has been the greatest teacher.
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Diwali: Tips to buy gold jewellery as prices soar
As Diwali 2026 draws near, the narrow streets of Dubai’s Gold Souq are once again glowing with excitement. Shoppers weave through shimmering displays of bangles, coins, and necklaces, their reflections flickering in the glass cases. But this year, there’s a quiet shift happening — not in enthusiasm, but in strategy.Despite gold hovering around record highs, festive buyers in Dubai are showing remarkable adaptability. The latest market data shows 24K gold trading near Dh510 per gram, while 22K st
Free Online ACCA Course in Singapore – Boost Your Accounting Career
Looking to advance your accounting career without spending a fortune? A free online ACCA course in Singapore can help you gain internationally recognized accounting skills, prepare for ACCA exams, and enhance your job prospects—all from the comfort of your home.
Dubai CEO shares key lessons that shaped her relationship with money
Meghna Dixit is founder and CEO at Mevan Consulting. The Indian expatriate, 43, has been living in Dubai for 10 years, and says that one of her greatest life lessons is learning her own value, while her business has been the greatest teacher.
Asian Remittance Boom: How Weak Currencies Fuel Digital Money Transfers from Gulf
A financial wave is sweeping across Asia as digital remittances from Gulf nations surge, driven by favorable exchange rates and tech-savvy expatriates capitalizing on weakening home currencies.
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