{"data":{"id":"a2d84dd4-7032-4634-b45d-5ad092c7b8ca","type":"article","translation_group_id":"a2d84dd4-6c92-4d34-b05a-c1cf208e09c7","language":"en","content_type":"news","title":"Sharjah Islamic Bank prices $500m five-year sukuk at 5.85% after 2.6x books","dek":"DFM-listed SIB raised USD 500 million in its 13th sukuk since 2006, drawing a USD 1.3 billion order book and pricing 105 bps over five-year US Treasuries.","slug":"sib-500m-five-year-sukuk-27-sep-2026","published_at":"2026-09-27T07:41:55+00:00","updated_at":"2026-09-30T08:13:16+00:00","primary_category":{"id":"5","type":"category","key":"banking","name":"Banking & Finance","slug":"banking-finance","summary":"Banks, finance companies, insurers, sukuk, and monetary-policy-linked financial news.","seo_title":"Banking & Finance | Capital Wire","meta_description":"Banks, finance companies, insurers, sukuk issuances, and monetary-policy-linked financial news across UAE and broader GCC markets."},"featured_media":{"id":"a2d84db9-94fc-483b-9c91-0b8a8a52aeba","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/408fed1a4b7e742faa37da197b5700cde4f78170ca006e2e1417e986ac2f1dfd.webp","mime":"image\/webp","srcset":null,"width":960,"height":595,"alt":"Sharjah Islamic Bank prices USD 500 million five-year sukuk \u2014 Capital Wire","caption":"SIB USD 500m five-year sukuk \u2014 source banner with Capital Wire brand bar","credit":"Sharjah Islamic Bank \/ Capital Wire","license":"operator-supplied","ai_generated":false},"entities":[{"id":"a2d84a9e-368f-45b7-8584-566217a7ab78","type":"entity","entity_type":"company","collection":"companies","name":"Sharjah Islamic Bank PJSC","slug":"sharjah-islamic-bank-pjsc","ticker":"SIB","is_primary":true}],"flags":{"breaking":false,"featured":true,"correction":false},"subtitle":null,"executive_summary":"Sharjah Islamic Bank PJSC said on 27 September 2026 that it priced a USD 500 million five-year sukuk. The Emirates News Agency said the order book was about USD 1.3 billion, or 2.6 times the issue, and the notes priced at a final yield of 5.85%, or 105 basis points over five-year US Treasuries. It is the bank\u2019s thirteenth sukuk since 2006.","key_points":["Sharjah Islamic Bank PJSC priced a USD 500 million five-year sukuk on Sunday 27 September 2026.","WAM said Sharjah Islamic Bank\u2019s order book was about USD 1.3 billion, or 2.6 times the issue size.","Sharjah Islamic Bank priced the sukuk at a final yield of 5.85%, a spread of 105 basis points over five-year US Treasuries.","The deal is Sharjah Islamic Bank\u2019s thirteenth sukuk since the lender entered international capital markets in 2006.","Chief executive Mohamed Abdalla and deputy chief executive Ahmed Saad said the oversubscribed book reflects investor confidence in the bank\u2019s funding plans."],"body":[{"type":"paragraph","text":"Sharjah Islamic Bank PJSC said on Sunday, 27 September 2026, that it has priced a USD 500 million five-year sukuk amid strong investor demand."},{"type":"paragraph","text":"According to the Emirates News Agency (WAM), the transaction attracted an order book of about USD 1.3 billion, or 2.6 times the issue size. The notes were priced at a final yield of 5.85%, equivalent to a spread of 105 basis points over five-year US Treasuries."},{"type":"paragraph","text":"The deal is Sharjah Islamic Bank\u2019s thirteenth sukuk since the lender entered the international capital markets in 2006. Chief executive Mohamed Abdalla said the issuance reflects investor confidence in the bank\u2019s financial performance and long-term strategy, and that capital-market funding remains central to its financing plans and balance-sheet management."},{"type":"paragraph","text":"Deputy chief executive Ahmed Saad said the oversubscribed book confirms investor appetite for the bank as an issuer and strengthens flexibility in managing funding needs and diversifying liquidity sources."},{"type":"paragraph","text":"The announcement lands while UAE sovereign retail T-Sukuk II subscriptions remain open through 28 September 2026, keeping sukuk firmly in the local funding spotlight. Capital Wire is treating the SIB print as a same-day banking funding story for DFM readers rather than a routine board notice."}],"seo":{"seo_title":"SIB prices $500m 5-year sukuk at 5.85% | Capital Wire","meta_description":"Sharjah Islamic Bank issued a USD 500 million five-year sukuk on 27 September 2026 at 5.85%, with books 2.6 times covered at USD 1.3 billion.","og_title":"SIB prices $500m 5-year sukuk at 5.85% | Capital Wire","og_description":"Sharjah Islamic Bank issued a USD 500 million five-year sukuk on 27 September 2026 at 5.85%, with books 2.6 times covered at USD 1.3 billion.","social_image":{"id":"a2d84db9-94fc-483b-9c91-0b8a8a52aeba","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/408fed1a4b7e742faa37da197b5700cde4f78170ca006e2e1417e986ac2f1dfd.webp","mime":"image\/webp","srcset":null,"width":960,"height":595,"alt":"Sharjah Islamic Bank prices USD 500 million five-year sukuk \u2014 Capital Wire","caption":"SIB USD 500m five-year sukuk \u2014 source banner with Capital Wire brand bar","credit":"Sharjah Islamic Bank \/ Capital Wire","license":"operator-supplied","ai_generated":false}},"secondary_category":null,"topics":[{"id":"2","type":"topic","key":"dfm","name":"DFM","slug":"dfm","summary":"Dubai Financial Market listings, filings, index moves, and exchange developments.","seo_title":"DFM Market News | Capital Wire","meta_description":"Coverage of Dubai Financial Market listings, corporate filings, index moves, and DFM exchange developments for market readers."},{"id":"5","type":"topic","key":"sukuk","name":"Sukuk","slug":"sukuk","summary":"Sukuk issuances, pricing, and Islamic capital-markets developments across the region.","seo_title":"Sukuk News | Capital Wire","meta_description":"Sukuk issuances, pricing details, and Islamic capital-markets developments across UAE and broader GCC issuers and markets."}],"tags":[{"id":"8","type":"tag","key":"wam","name":"wam","slug":"wam"}],"gallery":[],"charts":[],"byline":{"mode":"desk","schema_type":"Organization","name":"Capital Wire","author":null},"citations":[{"id":"a2d84dd4-765a-4695-926c-9e4b4bb93a0d","url":"https:\/\/www.wam.ae\/en\/article\/c2ghq0r-sharjah-islamic-bank-issues-500-million-sukuk-amid","publisher":"WAM \u2014 Emirates News Agency","title":"WAM \u2014 Sharjah Islamic Bank issues $500 million Sukuk","source_published_at":null,"claim":null},{"id":"a2d84dd4-7808-4e4b-9298-2831d84f7206","url":"https:\/\/www.khaleejtimes.com\/business\/sharjah-islamic-bank-raises-500m-through-5-year-sukuk","publisher":"www.khaleejtimes.com","title":"Khaleej Times \u2014 SIB raises $500m through 5-year sukuk","source_published_at":null,"claim":null}],"sources":[{"url":"https:\/\/www.wam.ae\/en\/article\/c2ghq0r-sharjah-islamic-bank-issues-500-million-sukuk-amid","source_id":"a2d6a050-85c2-43ec-bd99-0f8d3fa91fa3","label":"WAM \u2014 Sharjah Islamic Bank issues $500 million Sukuk","publisher":"WAM \u2014 Emirates News Agency"},{"url":"https:\/\/www.khaleejtimes.com\/business\/sharjah-islamic-bank-raises-500m-through-5-year-sukuk","source_id":null,"label":"Khaleej Times \u2014 SIB raises $500m through 5-year sukuk","publisher":"www.khaleejtimes.com"}],"corrections":[],"translations":[{"language":"ar","slug":"sib-500m-five-year-sukuk-27-sep-2026","published_at":"2026-09-27T07:41:55+00:00","is_current":false},{"language":"en","slug":"sib-500m-five-year-sukuk-27-sep-2026","published_at":"2026-09-27T07:41:55+00:00","is_current":true}],"schema_type":"NewsArticle"},"meta":{"request_id":"3e964353-3d20-4e7f-ac60-86ca2734d500","locale":"en"},"errors":[]}