linkorbitx - UAE Daily News | Technology, Business & World!

Sharjah Islamic Bank Boosts Nasdaq Dubai's Sukuk Market with $500 Million AT1 Listing

Advertisement

In a landmark move for Islamic finance, Sharjah Islamic Bank (SIB) has successfully listed a $500 million Additional Tier 1 (AT1) sukuk on Nasdaq Dubai, further cementing the exchange's position as a global hub for Sharia-compliant securities.

This strategic listing marks SIB's fifth sukuk offering on the exchange, bringing its total outstanding listings to an impressive $2.5 billion. The transaction also pushes Nasdaq Dubai's total sukuk listings to $95.7 billion, reinforcing its status as one of the world's premier destinations for Islamic fixed-income instruments.

The broader debt capital market at Nasdaq Dubai has now exceeded $136 billion across 160 listings, demonstrating growing international confidence in Dubai's role as a financial bridge connecting Middle Eastern markets with global investors.

The perpetual AT1 Capital Certificates, issued through SIB Tier 1 Sukuk IIND Ltd and compliant with Basel III regulations, feature a non-call period of six years. The offering garnered substantial interest from both regional and international investors, providing Sharjah Islamic Bank with additional capital to support its ambitious expansion plans.

The listing was commemorated by Ahmed Saad, Deputy CEO of Sharjah Islamic Bank, who rang the market opening bell at Nasdaq Dubai alongside Hamed Ali, CEO of both Nasdaq Dubai and Dubai Financial Market (DFM).

Samsung Galaxy S26 Ultra: Expected release date, features and UAE price

January is traditionally an exciting month for Samsung fans, as it usually signals the arrival of the next-generation Galaxy S series. In 2026, however, the wait is slightly longer than usual. The much-anticipated Samsung Galaxy S26 series, led by the Galaxy S26 Ultra, is expected to debut a few weeks later than Samsung’s typical January schedule.

Rising School Fees in the UAE: How Parents Are Managing the Growing Burden

Sharjah Islamic Bank Nasdaq Dubai Sukuk Market $500 Million AT1 Listing

Why the new year doesn't mean 'new you': Here's what to do instead

On the last day of the year, many of us pretend the calendar is a clean slate. New page. New energy. New habits. In reality, most people wake up on January 1 with the same patterns and the same nervous system they carried through the year before. Because if your inner world is running on fight‑or‑flight, no planner, no vision board, no “new year, new me” mantra is going to save you from waking up already tense, bracing for impact.

Compare and Save: UAE Introduces Tool to Track Cheapest Essential Goods Prices

Advertisement

Trending

Judge Reaffirms Block on Elon Musk's $55.8 Billion Tesla Pay Package Despite Shareholder Vote

MEVP Achieves 5x Return with Strategic Exit as Japan's giftee Acquires Majority Stake in YGG

Suzuki Swift Production Halt Linked to China's Rare Earth Export Restrictions

UAE Banks Shine in Q1 2026: Record Profits Amid Global Economic Headwinds

Borouge and Adnoc L&S Forge 15-Year Mega Deal to Boost UAE Petrochemical Exports

e& Announces Record 2024 Financial Results with Dh10.8 Billion Net Profit and 83 Fils Dividend

Middle East Air Travel in Turmoil as Airlines Extend Cancellations Amid Regional Tensions

Le Mans Legends: Where History, Speed and Investment Collide

Bentley Continental GT Speed Hybrid: Where Timeless Elegance Meets Electrifying Performance

UAE Drivers Alert: Major Road Closures This Sunday - Plan Your Route Now!

Dubai Unveils Dh1.4 Billion Stormwater Drainage Upgrade to Future-Proof City Infrastructure

Dubai Unveils Dh6 Billion Road Upgrade Plan to Revolutionize Urban Mobility

Oil Prices Could Skyrocket Past $100 Amid Middle East Tensions, Analysts Warn

Iran-Israel Tensions Threaten Global Oil Supply: Strait of Hormuz Closure Could Send Prices Soaring

e& Reports Record Growth in Q1 2026, Solidifying Its Position as a Global Tech Leader

Oil Prices Rally to 7-Week High on U.S.-China Trade Deal Optimism

du Reports Stellar Q1 2026 Results with 19.8% Net Profit Surge

e& UAE Launches Innovative Kids SIM Card with Advanced Parental Controls

Dh332 Million Umm Suqeim Street Upgrade Nears Completion, Set to Slash Travel Time by 61%

Carrefour Bids Farewell to Oman Market After Decades of Service

Recommended

Affordable Dental Implants for Patients: Cost, Options & How to Save

Many patients experience tooth loss due to aging, bone loss, and gum disease. Missing teeth can lead to difficulty eating, speaking, and maintaining confidence. Over time, untreated tooth loss may also impact overall health. Alternatives like dentures and dental bridges exist, but dental implants are often considered a more stable and long-term solution. Many users searching for “implant dentist accepts insurance near me” are looking for reliable and affordable replacement options.

Best Restaurants in Al Maryah Island: Fine Dining and Casual Eats

Al Maryah Island in Abu Dhabi has quickly become a premier lifestyle and dining destination. With sleek business towers, luxury hotels, upscale shopping, and more than 400 restaurants and cafés, the island is a haven for food lovers. Whether you’re planning a romantic dinner, a family outing, or a casual lunch with friends, Al Maryah Island offers a range of culinary experiences to suit every preference.Getting to Al Maryah Island is straightforward. The island is just a 5–10 minute drive from D

1,000 UAE Families Set to Benefit from New Entrepreneurship Drive

UAE Emirates ID replacement guide: Fees, documents, and online process

Souq al Haraj: A Guide to Sharjah’s Auto Market

Souq Al Haraj plays a central role in the Sharjah auto market, serving buyers, sellers, and exporters looking for scale, choice, and competitive pricing. Known across the UAE for its size and dealer density, the market continues to shape how vehicles are traded in the northern emirates.All About Souq Al HarajSouq Al Haraj has grown into a dedicated automotive destination rather than a simple collection of showrooms. It brings together sales, inspections, registration, insurance, accessories, and

UAE experts reveal which investments paid off in 2026, why they may win in 2026 too

UAE investors are reflecting on a year that rewarded disciplined strategies and tangible, cash-generating assets. Across markets and geographies, the trend was clear: the strongest returns came not from chasing the flashiest opportunities, but from reliable, well-structured investments.A Year of Stability Over SpeculationIn 2026, many investors prioritised assets that could withstand uncertainty, inflationary pressures, and changing interest-rate expectations. Gold emerged as a standout performe

UAE: Minimum salary rule to boost Emiratis' pay; focus now on hybrid jobs

Salaries of the UAE citizens grew by six per cent annually in 2025, and many of the private sector entities offer higher salaries than the revised salary of Dh6,000 announced by the government last month.

UAE's mobile market set for data-driven growth as 5G subscriptions surge

The mobile services sector in the UAE is set for a steady advance over the rest of the decade as demand for high-volume data plans and widespread 5G adoption reshape how consumers and businesses use mobile networks. According to new modelling by analytics firm GlobalData, mobile service revenue in the UAE is projected to grow at a compound annual growth rate (CAGR) of 4 per cent between 2025 and 2030 — a shift driven by rising data consumption even as traditional voice revenue continues to decli

Why Dubai’s property boom is built to last for a long time

Dubai’s property market is rising at a pace few global cities can match, but analysts say the current upswing is being driven by structural demand rather than speculative excess.

Sudha Murty celebrates 50 years of storytelling with launch of new book

Sudha Murty has been writing ever since she was in school. She published her debut book at 28, and now, as she launches her 50th title The Magic of the Lost Earrings, we delve into her journey as a storyteller — her childhood, her love for reading, and her timeless wisdom for parents. A familiar face in Dubai, Murty often visits the city for educational and cultural events.