Nasdaq Dubai welcomed the listing of Emirates Islamic Bank’s world-first $500 million sustainability-linked sukuk issuance.

The sukuk, issued under Emirates Islamic’s $4 billion sukuk program, underscores the bank’s leadership in sustainable Islamic finance and its role in supporting the UAE’s national sustainability agenda.

The sukuk offering attracted strong demand from international investors, reflecting growing interest in sustainable Islamic finance products, with subscription requests reaching $1.2 billion, 2.4 times the announced offer size. This demand helped reduce the yield margin to 95 basis points above the 5-year US Treasury yield, achieving an annual yield of 4.540%.

To celebrate this successful listing, Hisham Abdullah Al Qassim, Chairman of Emirates Islamic and Vice Chairman and Managing Director of Emirates NBD Group, and Hamid Ali, CEO of Nasdaq Dubai and Dubai Financial Market, participated in the market opening bell ceremony.

Al Qassim said: “The listing of our sustainability-linked sukuk on Nasdaq Dubai reflects our financial strength and commitment to achieving the UAE’s climate neutrality ambitions by 2050. This globally unique issuance demonstrates our ability to offer advanced Sharia-compliant solutions that meet the aspirations of a broad and diverse international investor base amid growing demand for sustainable Islamic finance instruments.”

Ali added: “The listing of Emirates Islamic’s $500 million sustainability-linked sukuk marks a historic moment for Nasdaq Dubai and the global Islamic finance sector. This step confirms Dubai’s position as a leading hub for Islamic and sustainable capital markets and reinforces our commitment to providing innovative financing solutions that support long-term economic development and the UAE’s climate ambitions.”