4 days ago
Mashreq Lists USD 500 Million Sukuk on Nasdaq Dubai Amid Strong Global Demand
Mashreq has marked a key milestone in its Islamic finance journey with the listing of a USD 500 million Sukuk on Nasdaq Dubai, following strong investor demand and signaling renewed confidence in the region's capital markets.
The Sukuk, due in 2030, was issued by Mashreq Al Islami Sukuk Company Ltd. under the bank's USD 2.5 billion Trust Certificate Issuance Programme. Attracting an oversubscribed orderbook of USD 2.9 billion, the issuance saw broad participation from over 90 global investors across the Middle East, Europe, and Asia.
The listing ceremony was attended by senior Mashreq executives, including Group CEO Ahmed Abdelaal, who rang the market-opening bell alongside Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market.
Abdelaal described the debut listing as a 'new chapter' in Mashreq's capital markets strategy, highlighting its disciplined funding approach and commitment to sustainable, Sharia-compliant financial solutions. Abdul Aziz Al Ghurair, Chairman of Mashreq, called the listing a demonstration of the bank's role in advancing global Islamic finance.
Hamed Ali noted that the move underscores Nasdaq Dubai's position as a global platform linking regional issuers with international investors and supporting diversified financing needs.
The successful Sukuk launch is also significant as it marked the first public issuance from the CEEMEA region since the announcement of U.S. tariffs in April 2025, which had stirred global market volatility. Its strong reception helped pave the way for additional regional issuances.
With this listing, total Sukuk listings on Nasdaq Dubai have reached USD 97.2 billion, while overall debt listings now stand at over USD 140 billion — reinforcing Dubai's growing stature as a leading hub for Islamic and international capital markets.
News Source: Dubai Media Office
