Dubai – Mubasher: Nasdaq Dubai welcomed the listing of a $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 $1.50 billion Trust Certificate Issuance Program, the five-year offering will mature in 2030, according to a press release.

The Sukuk attracted strong investor demand, achieving 5.4 times oversubscription and garnering interest from over 100 global investors.

Mustafa Al Khalfawi, CEO of Ajman Bank, said: “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.”

Hamed Ali, CEO of Nasdaq Dubai and DFM, said: “This debut listing reflects the dynamic momentum in the Islamic capital markets and reinforces Dubai’s position as a global center for Sukuk listings.”

Ajman Bank joins a group of regional and global banks listed on the exchange, contributing to the $30.60 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 amounted to $96.90 billion, while the overall value of debt instruments on the exchange currently exceeds $139 billion.

In the first quarter (Q1) of 2025, Ajman Bank registered net profits valued at AED 134.67 million, up from AED 107.42 million in Q1-24.