Ajman Bank Lists $500 Million Debut Sukuk on Nasdaq Dubai
Ajman Bank has made its debut on Nasdaq Dubai with the listing of a US$500 million Senior Sukuk, marking a significant milestone in the bank's strategic growth and entry into international capital markets.
Issued under the bank's US$1.5 billion Trust Certificate Issuance Programme, the five-year Sukuk attracted robust investor interest, achieving 5.4 times oversubscription and drawing participation from more than 100 global investors. The instrument matures in 2030 and highlights the rising demand for Sharia-compliant financial products from UAE institutions.
Mustafa Al Khalfawi, CEO of Ajman Bank, marked the occasion by ringing the market-opening bell at Nasdaq Dubai. He described the issuance as a key step in diversifying the bank's funding base and expanding access to international investors. 'The positive response from the global market reflects confidence in our financial performance and future outlook,'
he said.
The listing also reflects Nasdaq Dubai's growing role in supporting the Islamic finance ecosystem. Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, welcomed Ajman Bank to the exchange, noting that the move reinforces Dubai's standing as a global Sukuk hub.
Ajman Bank now joins a broad range of regional and international financial institutions on Nasdaq Dubai. With this latest listing, the total value of Sukuk listed on the exchange has reached US$96.9 billion, while the overall value of debt instruments now exceeds US$139 billion.
The debut underlines Ajman Bank's ambitions for growth and international engagement, while contributing to Dubai's position as a leading center for Islamic capital markets.
News Source: Emirates News Agency
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