Nasdaq Dubai welcomes $500 million Sukuk listed by Ajman Bank
- Last updated: May 20, 2025 | 19:23
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.