Dubai’s financial market reached a new milestone as Binghatti Holding, one of the UAE’s top property developers, listed a $500 million Sukuk on Nasdaq Dubai. The move shows strong investor trust and highlights Dubai’s role as a global hub for Islamic finance.
A Historic Sukuk Listing
The Sukuk is part of Binghatti’s $1.5 billion Trust Certificate Programme and will mature in 2030. It received a huge response, with orders of $2.5 billion, making it five times oversubscribed.
This strong demand reflects two things: confidence in Dubai’s financial market and trust in Binghatti’s stability.
This listing not only boosts Binghatti’s funding sources but also strengthens Nasdaq Dubai’s position as a key market for Sukuk, which are Shariah-compliant financial instruments.
Celebrating The Listing
To mark the occasion, Muhammad BinGhatti, Chairman of Binghatti Holding, rang the market bell at Nasdaq Dubai. He was joined by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market.
Muhammad BinGhatti said the Sukuk is an important step in the company’s growth, adding that investor confidence shows strong support for Binghatti’s vision.
Hamed Ali highlighted Dubai’s appeal as a global financial hub, noting that the Sukuk reflects strong global demand for Islamic finance instruments.
Proving Dubai’s Global Appeal
With this listing, Binghatti’s total Sukuk on Nasdaq Dubai reached $1 billion. For Nasdaq Dubai, this adds to its growing leadership. The exchange now hosts more than $98.6 billion in Sukuk across 108 issuances.
This shows Dubai’s success in becoming a leading destination for Islamic finance. It also reflects the UAE’s strategic role in linking regional businesses with global investors.
What Is A Sukuk?
For readers new to the concept, Sukuk are often compared to Islamic bonds. But they are different. Conventional bonds earn interest, which is not allowed in Islamic finance. Sukuk are instead backed by assets, and investors earn returns from those assets.
Sukuk are growing in popularity not only in the Middle East but also in Asia, Europe, and beyond. They are attractive because they combine ethical finance with strong returns.
By listing on Nasdaq Dubai, Binghatti gains global exposure. Investors from many countries can now access and trade its Sukuk.
Binghatti’s Growth Story
Binghatti Holding has become one of Dubai’s fastest-growing property developers. The company is known for its bold designs and luxury real estate projects. Its decision to issue Sukuk shows its ambition to expand further, both in Dubai and internationally.
The success of the Sukuk also reflects global confidence in Dubai’s property market, which continues to perform strongly and attract international interest.
Impact On The UAE Economy
The Binghatti Sukuk highlights several key points for the UAE economy:
Investor Confidence – Strong oversubscription proves investors trust Dubai’s developers and markets.
Global Interest – Sukuk are attracting buyers from many regions.
Market Growth – Nasdaq Dubai continues to build its reputation as a hub for Sukuk.
These factors support the UAE’s long-term goal of building a strong, diversified economy.
Why Investors Backed Binghatti
The success of this Sukuk comes from several strengths:
- Binghatti’s strong reputation in Dubai real estate.
- A profit rate of 8.125%, attractive to investors.
- A maturity date of 2030, giving long-term clarity.
- Dubai’s image as a safe and profitable market.
- This mix made the Sukuk a compelling investment choice.
The Global Rise Of Islamic Finance
Islamic finance is now a $4 trillion industry worldwide, and Sukuk are a big part of it. Countries like Malaysia, Indonesia, Saudi Arabia, and the UK are active in this space.
Dubai has positioned itself as one of the main hubs where global investors can access Sukuk in a safe and transparent market. The Binghatti Sukuk adds to this growing momentum.
Dubai’s Financial Vision For The Future
Dubai’s strategy is clear: become a top capital markets hub. Nasdaq Dubai’s growth in Sukuk listings shows this vision is working. With over $98 billion in Sukuk already listed, Dubai is seen as a reliable gateway for global investors.
For developers like Binghatti, this access to global capital means they can fund more projects, expand faster, and contribute to Dubai’s economy.
A Win For Binghatti And Dubai
Binghatti’s $500 million Sukuk listing is more than a financial deal. It proves that investors trust the company, that Dubai is a strong financial hub, and that Islamic finance is on the rise globally.
For Binghatti, it ensures fresh funding for growth. For Nasdaq Dubai, it strengthens its leadership in Sukuk listings. And for the UAE, it shows how tradition and innovation can come together to create global opportunities.
As Dubai continues to rise, listings like these will only add more success to its financial journey.
