Nasdaq Dubai welcomes $500m Green Sukuk listing by OMNIYAT
Nasdaq Dubai on Monday welcomed a $500 million Green Sukuk by OMNIYAT, a leading Dubai-based real estate developer.
The three-year Sukuk, maturing on May 6th, 2028, was issued under a $1 billion Trust Certificate Issuance Programme and carries a profit rate of 8.375 per cent.
The Sukuk will support the development of environmentally sustainable real estate projects across OMNIYAT's portfolio, with a focus on energy efficiency, sustainable construction and environmental performance.
The issuance attracted strong demand from regional and international investors, with initial price thoughts around 8 per cent tightening to the final rate, underscoring investor confidence in OMNIYAT's strategy and Dubai's real estate sector.
Mahdi Amjad, Founder and Executive Chairman of OMNIYAT, rang the market opening bell on behalf of the company at Nasdaq Dubai to celebrate the listing in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
Mahdi Amjad said, 'Today's bell ringing marks more than just a financial milestone, it signals OMNIYAT's long-term commitment to sustainable growth and responsible investment. The successful launch of this green sukuk reflects our belief that profitability and positive environmental impact are intertwined. The oversubscription and subsequent successful issuance are a testament to the growing appetite for investment vehicles that drive both economic growth and sustainable outcomes.
'We are proud to list our Green Sukuk on Nasdaq Dubai, a world-class international exchange that offers unparalleled visibility, transparency, and connectivity to global investors. We thank the Nasdaq Dubai team for their invaluable support throughout this journey. This platform provides the ideal infrastructure to facilitate seamless market access and supports our ambition to deepen engagement with both regional and international capital markets.'
Hamed Ali said, 'OMNIYAT's Green Sukuk listing is a strong addition to Nasdaq Dubai's ESG and Islamic finance ecosystem. It reflects the growing role of the private sector in advancing sustainable finance and adds further depth to the market. We are pleased to support OMNIYAT's capital markets journey and look forward to further collaboration as they continue to expand their impact.'
With this listing, the total value of ESG-linked debt instruments on Nasdaq Dubai has reached $29.6 billion, representing a growing share of the exchange's debt market. Green instruments account for over 60 per cent of ESG listings, highlighting strong regional momentum toward sustainable capital markets.
The total value of Sukuk listed on Nasdaq Dubai now stands at $96.2 billion, while the overall value of debt instruments on the exchange exceeds $138 billion.
Meanwhile last year Nasdaq Dubai welcomed the listing of $500 million Sukuk issued by the Sharjah Islamic Bank (SIB). This marks the sixth issuance under the bank's USD 3 billion Trust Certificate Issuance Programme which was established in 2013.
The Sukuk, which will mature in 2029, attracted strong demand from both global and regional investors, being oversubscribed 3 times with orders totaling $1.5 billion. This reflects the global appeal of UAE's dynamic capital market. With this issuance, the total listings by SIB, comprising two senior unsecured Sukuk and one Additional Tier 1 Capital Sukuk on Nasdaq Dubai, stands at $1.5 billion.
The total value of Sukuk listed on Nasdaq Dubai adds up to $93.89 billion, reinforcing its status as a leading global market for Sukuk issuances, and the total value of listed bonds and Sukuk on Nasdaq Dubai now reaches $134.1 billion.
To celebrate the listing, Ahmed Saad Ibrahim, DCEO, Sharjah Islamic Bank rang the bell at the market-opening ceremony at Nasdaq Dubai, joined by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
Ahmed Saad said, 'We are delighted by our latest Sukuk listing on Nasdaq Dubai, which showcased strong demand from international and regional investors.
The success of our Sukuk reflects investors' strong belief in SIB's strategy as we develop our activities across all our areas of business and operations.
'Our vision is to continue innovating and providing excellent financial services that cater to the needs of our diverse clientele. We have been consistent and successful in our foray into the international capital markets, an indication that the bank remains strong under prudent management.
This success is a testament to our team's dedication, the trust of our stakeholders, and our unwavering commitment to sustainable growth.'
Hamed Ali, CEO of Nasdaq Dubai and DFM, said, 'We welcome SIB's successful Sukuk issuance on Nasdaq Dubai. This listing reiterates our commitment to providing a dynamic and effective marketplace for Islamic finance. By facilitating these listings, Nasdaq Dubai continues to support the growth and diversification of the Islamic capital markets, offering issuers unparalleled visibility and access to a diverse investor base.'
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