The Nasdaq Dubai Sukuk Listing has received a major boost with the arrival of a USD 500 million Sukuk issued by ICDPS Sukuk Limited and guaranteed by the Islamic Corporation for the Development of the Private Sector. This new listing highlights Dubai’s strong and continuing position as a leading global center for Islamic finance. It also shows the confidence that investors have in the Islamic Corporation for the Development of the Private Sector and its long term mission to support private sector growth across member countries.
This Sukuk is the fourth listing by the Islamic Corporation for the Development of the Private Sector on Nasdaq Dubai. With this addition, the total value of its Sukuk listed on the exchange has reached USD 1 billion. The latest issuance reflects the organization’s commitment to raising funds in transparent and well structured markets while supporting Dubai’s expanding role in global Sukuk activity.
Strong Investor Demand for the Nasdaq Dubai Sukuk Listing
The new Sukuk has a maturity of five years and will expire in 2030. It offers a profit rate of 4.391 percent, paid every six months. The pricing came at a spread of 65 basis points over United States Treasury rates, offering a competitive return for investors seeking stable and safe Shariah compliant instruments.
Investors showed strong interest in the issuance. The order book exceeded USD 2 billion, which means the Sukuk was heavily oversubscribed. This strong response reflects global trust in the Islamic Corporation for the Development of the Private Sector and its ability to deliver economic development through responsible financing.
The Sukuk was issued under a widely used structure in Islamic capital markets and attracted support from a group of prominent lead managers and bookrunners. Their participation helped ensure that the Sukuk reached a broad group of global investors and strengthened confidence in the issuance.
The Mission of the Islamic Corporation for the Development of the Private Sector
The Islamic Corporation for the Development of the Private Sector is an important multilateral financial institution. It focuses on supporting the private sector in its member countries by promoting entrepreneurship, creating access to finance, and encouraging the growth of small and medium sized enterprises. The funds raised through Sukuk play an essential role in this mission.
With the proceeds from the latest Sukuk, the organization can expand its support for development projects in sectors such as agriculture, manufacturing, infrastructure, and services. These funds can also help increase financial inclusion by providing more Shariah compliant financing options to businesses that need them.
In a statement, Dr Khalid Khalafalla, the Acting Chief Executive Officer of the Islamic Corporation for the Development of the Private Sector, expressed satisfaction with the strong demand for the Sukuk. He explained that this oversubscription demonstrates the trust that global investors place in the organization’s financial strength and in its ability to support sustainable economic growth.
Dubai’s Leadership in Islamic Capital Markets
The Nasdaq Dubai Sukuk Listing is part of Dubai’s ongoing strategy to strengthen its leadership in Islamic finance. Dubai is already recognized as one of the most important Sukuk listing venues in the world. It attracts issuers from the Middle East, Asia, Africa, and other regions thanks to its strong regulatory framework, efficient systems, and wide international reach.
Hamed Ali, the Chief Executive Officer of Nasdaq Dubai and Dubai Financial Market, emphasized that the strong demand for this Sukuk further highlights Dubai’s importance as a trusted platform for high quality Islamic financial instruments. The city’s infrastructure and investor friendly environment make it an ideal location for issuers who want global visibility and access to international investors.
Dubai’s advantage consists of several elements including strong Shariah governance, transparent regulations, an efficient listing process, and active support from the government. These factors encourage more organizations to choose Dubai when issuing Sukuk and help maintain the city’s reputation as a global center for Islamic finance.
Why Investors Find the Sukuk Attractive
The Sukuk issued by the Islamic Corporation for the Development of the Private Sector offers several benefits to global investors. These benefits contribute to the strong interest seen in the latest issuance.
Stable and Attractive Returns
The profit rate of 4.391 percent provides reliable income for investors who prefer stable and predictable returns.
Strong Credit Ratings
The Sukuk carries high credit ratings from well known international rating agencies, which increases confidence in the issuer’s financial strength.
Ethical and Shariah Compliant Investment
As demand for ethical and asset based investments grows, Sukuk continue to gain popularity among investors who seek alternatives to interest based bonds.
Broad Global Access
The Sukuk structure allows investors from many regions to participate, making it easier for global financial institutions to strengthen their portfolios.
Backing by a Multilateral Institution
The Islamic Corporation for the Development of the Private Sector is part of a respected development finance group, which gives investors additional assurance of long term stability.
Strengthening the Role of Islamic Finance
The Nasdaq Dubai Sukuk Listing represents more than a financial transaction. It plays an important role in supporting the growth of Islamic finance around the world. Sukuk continue to be one of the fastest growing parts of Islamic finance, supported by governments, financial institutions, and investors seeking ethical financing options.
This latest Sukuk highlights several significant trends. There is growing investor interest in sustainable development funding, increasing demand for Islamic financial instruments, stronger cross border investment flows, and a rising level of confidence in Shariah compliant financial markets.
A Strong Partnership for the Future
The relationship between the Islamic Corporation for the Development of the Private Sector and Nasdaq Dubai continues to grow stronger. With repeated Sukuk listings, both organizations demonstrate their commitment to supporting sustainable development, expanding global investor access, and strengthening the broader Islamic finance ecosystem.
For the Islamic Corporation for the Development of the Private Sector, Nasdaq Dubai provides a trusted listing platform with international reach. For Dubai, issuers such as this organization help enhance the market’s credibility and attract more global participation.
Conclusion
The latest Nasdaq Dubai Sukuk Listing of the USD 500 million issuance from the Islamic Corporation for the Development of the Private Sector marks another important step in the expansion of global Islamic finance. With strong investor demand, competitive returns, and a mission focused on sustainable development, the Sukuk strengthens both Dubai’s role as a global Islamic finance hub and the organization’s ability to support economic growth across its member countries.
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