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Sharjah Islamic Bank Draws Strong Investor Demand with $500 Million Sukuk

Sharjah Islamic Bank (SIB) strengthened investor confidence with its latest $500 million sukuk. The new five-year issue added fresh momentum to the UAE sukuk market. Investors showed strong interest, helping the bank tighten its pricing to +95 basis points over U.S. Treasuries. The initial guidance was around +125 basis points.

The coupon was fixed at 4.60%, offering a yield of 4.651%. Orderbooks exceeded $1.3 billion, excluding joint lead manager interest. This impressive demand highlighted growing trust in the bank’s financial strategy. It also confirmed the steady rise of the UAE sukuk market among global investors.

The Wakala-based sukuk falls under SIB Sukuk Company III Limited’s $3 billion Trust Certificate Issuance Programme. Sharjah Islamic Bank serves as the obligor for the offering. The sukuk will trade on both Euronext Dublin and Nasdaq Dubai. This dual listing increases exposure and boosts confidence in international capital markets.

Additionally, Emirates NBD Capital and Standard Chartered Bank acted as joint global coordinators. Ajman Bank, Bank ABC, Dubai Islamic Bank, First Abu Dhabi Bank, HSBC, Mashreq, and the Islamic Corporation for the Development of the Private Sector joined as lead managers and bookrunners. Their combined effort demonstrated the teamwork and depth of the UAE’s Islamic finance sector.

This is Sharjah Islamic Bank’s third debt deal in 2025. In February, it issued a $500 million senior unsecured sukuk. Later, in May, it launched another $500 million benchmark perpetual non-call six-year AT1 sukuk. These consistent issuances reflect the bank’s focus on funding stability and its proactive approach to investor needs.

Analysts also noted that SIB’s success reflects strong market confidence. It also shows the stability of the UAE sukuk market. Despite global uncertainty, demand for Islamic finance instruments remains high. Moreover, the UAE continues to position itself as a major hub for Islamic finance through innovation and regulation.

With strong liquidity as well as expanding investor interest, Sharjah Islamic Bank continues to lead by example. Its latest sukuk confirms the UAE’s growing influence in global Islamic bond markets. The strong performance signals a bright future for the UAE sukuk market.

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