Nasdaq Dubai welcomes $500 million Sukuk listed by Ajman Bank
Nasdaq Dubai today welcomed the listing of a US$500 million Senior Sukuk issued by Ajman Bank, marking the bank's first Sukuk issuance and debut listing on the international exchange.
Issued under Ajman Bank's US$1.5 billion Trust Certificate Issuance Programme, the Sukuk attracted strong investor demand, achieving 5.4 times oversubscription and garnering interest from over 100 global investors.
The five-year issuance, maturing in 2030, underscores the growing appeal of Sharia-compliant instruments from UAE-based financial institutions.
Mustafa Al Khalfawi, Chief Executive Officer, Ajman Bank rang the market-opening bell at Nasdaq Dubai to commemorate the listing, in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
Mustafa Al Khalfawi, Chief Executive Officer, Ajman Bank, said, 'This debut Sukuk issuance marks a strategic milestone in Ajman Bank's journey, aligned with our ongoing efforts to diversify our funding base and broaden investor access. The positive response from the global market reflects confidence in our financial performance and future outlook. Listing on Nasdaq Dubai reinforces our commitment to international standards of transparency and growth'.
This listing reflects the strong collaboration between Ajman Bank and Nasdaq Dubai in supporting the development of Islamic capital markets.
Hamed Ali, CEO of Nasdaq Dubai and DFM, said, 'We are pleased to welcome Ajman Bank to Nasdaq Dubai's growing community of regional and global issuers. This debut listing reflects the dynamic momentum in the Islamic capital markets and reinforces Dubai's position as a global center for Sukuk listings. We are proud to support Ajman Bank in this important milestone and look forward to deepening our collaboration in the future'.
Ajman Bank joins a distinguished group of regional and international banks listed on the exchange, contributing to the USD 30.6 billion currently listed across 51 debt instruments by financial institutions on Nasdaq Dubai.
With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached USD 96.9 billion, while the overall value of debt instruments on the exchange now exceeds US$139 billion, reinforcing its status as one of the leading global venues for Islamic fixed income products.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
an hour ago
- Al Etihad
Dubai Residential REIT sustains gains a week after listing
3 June 2025 18:59 A. SREENIVASA REDDY (ABU DHABI)Shares of Dubai Residential REIT held steady at Dh1.24, nearly 13% above the listing price of Dh1.10, a week after the stock debuted on the Dubai Financial Market (DFM) on May Residential REIT is the second IPO in the UAE this year and the first on the DFM in 2025. The share price remained consistently above the offer price throughout the week, underscoring the resilience of both the stock and the broader REIT is the GCC's first listed pure-play residential leasing-focused real estate investment trust, and the largest listed REIT in the region, managing 35,700 residential units. The initial public offering raised Dh2.145 billion and was oversubscribed 26 Residential REIT debuted on the DFM with a market capitalisation of Dh14.3 billion. By the close of trading on Tuesday, its market cap had risen to Dh16.1 billion — a Dh2 billion increase in shareholder value within a the Abu Dhabi Securities Exchange, the benchmark FADGI index rose 0.461%, snapping a two-day losing streak. The financial sector led the gains, with Abu Dhabi Islamic Bank climbing 2.6% and First Abu Dhabi Bank advancing 1.53%. Meanwhile, the DFM General Index (DFMGI) gained 0.677%, marking a second straight session of gains. Market sentiment in Dubai remains upbeat despite ongoing global market volatility.
Al Etihad
an hour ago
- Al Etihad
Meta secures nuclear energy in 20-year Illinois plant deal
3 June 2025 19:08 Washington (AFP) Facebook owner Meta announced on Tuesday a 20-year nuclear energy agreement with US-based Constellation Energy to secure power from a nuclear plant in the state of investment marks big tech's latest move to meet surging electricity demand from artificial intelligence, with Microsoft, Google and Amazon also turning to nuclear power as an energy the deal, Meta's unspecified investment will replace state government subsidies to keep the Clinton Clean Energy Center operating beginning in 2027, offering the facility a crucial project, which takes over the plant's total electric output, will provide 1,121 megawatts of nuclear energy to support Meta's regional operations while adding 30 megawatts of incremental capacity to the electricity grid, the company said."As we look toward our future energy needs in advancing AI, we recognize the immense value of nuclear power in providing reliable, firm electricity," Meta said in the move comes as tech companies scramble to secure stable, clean energy sources to power energy-intensive AI data energy has gained renewed attention as companies and governments seek reliable, carbon-free power to meet climate goals while supporting growing electricity demands from data centers and AI operations. According to the International Energy Agency, electricity consumption by data centers is projected to more than double by 2030, creating significant challenges for securing adequate energy as AI usage accelerates.
Hi Dubai
4 hours ago
- Hi Dubai
Dubai Future District Fund Reports $1.65 Billion in Capital Commitments and Backs 190 Startups in 2024
The Dubai Future District Fund (DFDF) marked a year of strong strategic growth in 2024, securing over US$1.65 billion in capital commitments and supporting more than 190 portfolio companies through direct investments and Fund of Funds initiatives. The update was revealed during DFDF's Annual General Meeting, where the Board of Directors detailed the Fund's progress in advancing its mandate. Anchored by the Dubai International Financial Centre (DIFC) and the Dubai Future Foundation (DFF), the Fund plays a key role in aligning with the Dubai Economic Agenda (D33) by fueling innovation and strengthening the venture capital ecosystem. Chairman of the DFDF Board and CEO of DFF, Khalfan Belhoul, said the Fund's achievements underline its role in shaping Dubai's digital economy and investing in future technologies across key sectors. Arif Amiri, DFDF Board Member and CEO of DIFC Authority, emphasized the importance of global collaboration in positioning Dubai as a hub for innovation. In addition to financial backing, DFDF spotlighted its value creation efforts in 2024 through strategic case studies, developed in partnership with institutions across various sectors. These efforts highlight the Fund's role as a bridge between public and private sectors, encouraging scalable innovation. Looking ahead, and in line with the UAE's declaration of 2025 as the Year of the Community, DFDF is set to deepen its focus on fostering inclusive innovation networks. The Fund reaffirmed its commitment to building stronger connections between startups, investors, regulators, and global markets. The Fund's continued momentum reinforces Dubai's growing reputation as a global destination for tech talent and venture investment. News Source: Emirates News Agency
