Nasdaq Dubai has welcomed the listing of Emirates Islamic’s USD 500 million Sustainability-Linked Financing Sukuk, marking the world’s first Sukuk issuance of its kind and a major step forward for sustainable Islamic finance.
Issued under the bank’s USD 4 billion Sukuk Programme, the pioneering transaction reinforces Emirates Islamic’s commitment to advancing the UAE’s sustainability goals and achieving Net Zero by 2050. The issuance attracted strong global demand, with orders reaching USD 1.2 billion—an oversubscription of 2.4 times—allowing the bank to set a competitive profit rate of 4.54% per annum.
To commemorate the listing, Hesham Abdulla Al Qassim, Chairman of Emirates Islamic and Vice Chairman and Managing Director of Emirates NBD, rang the market-opening bell at Nasdaq Dubai alongside Hamed Ali, CEO of Nasdaq Dubai and the Dubai Financial Market.
Al Qassim described the listing as a reflection of Emirates Islamic’s financial strength and its role in offering innovative, Shari’ah-compliant solutions that align with the UAE’s sustainability vision. Ali emphasized that the milestone reinforces Dubai’s position as a leading global hub for Islamic and sustainable capital markets.
Following this issuance, Emirates Islamic’s total Sukuk listings on Nasdaq Dubai have reached USD 2.77 billion. The exchange now hosts over USD 100 billion in outstanding Sukuk and a total of USD 140 billion in fixed-income listings, including USD 28.7 billion in ESG-related instruments—further strengthening its role as a premier platform for sustainable finance.
News Source: Dubai Media Office
