Ajman Bank Lists $500 Million Sukuk on Nasdaq Dubai

The UAE-based Ajman Bank has issued a $500 million Senior Sukuk, the bank’s inaugural Sukuk issuance on an international; exchange on Nasdaq Dubai.

With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached $96.9 billion, while the overall value of debt instruments on the exchange now exceeds $139 billion, reinforcing its status as one of the leading global venues for Islamic fixed income products.

Ajman Bank joins a distinguished group of regional and international banks listed on the exchange, contributing to the $30.6 billion currently listed across 51 debt instruments by financial institutions on Nasdaq Dubai.

Issued under Ajman Bank’s $1.5 billion Trust Certificate Issuance Programme, the Sukuk attracted strong investor demand, achieving 5.4 times oversubscription and garnering interest from over 100 global investors.

The five-year issuance, maturing in 2030, underscores the growing appeal of Sharia-compliant instruments from UAE-based financial institutions.

Strategic Milestone

Ajman Bank CEO Mustafa Al Khalfawi rang the market-opening bell at Nasdaq Dubai to commemorate the listing in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).

Speaking on the occasion, Mustafa Al Khalfawi said that this debut Sukuk issuance marks a strategic milestone in Ajman Bank’s journey, aligned with their ongoing efforts to diversify funding base and broaden investor access.

He added: “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.”

This listing reflects the strong collaboration between Ajman Bank and Nasdaq Dubai in supporting the development of Islamic capital markets.

Welcoming Ajman Bank to Nasdaq Dubai’s growing community of regional and global issuers, Hamed Ali said that 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 is an Islamic bank with an ambitious vision based on values of integrity, trust and transparency seeks to provide a wide range of Sharia-compliant and high-quality banking services to customers from individuals, companies and government institutions across the UAE.

It is also keen to be updated with the latest technology that will ensure customers a distinctive experimental banking with the revival of human touch that is lost in the modern era of banking application.