Sharjah Islamic Bank prices $500m five-year sukuk at 5.85% after 2.6x books

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.

27 September 2026

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’s thirteenth sukuk since 2006.

• Sharjah Islamic Bank PJSC priced a USD 500 million five-year sukuk on Sunday 27 September 2026.
• WAM said Sharjah Islamic Bank’s 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’s 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’s funding plans.

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.

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.

The deal is Sharjah Islamic Bank’s 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’s financial performance and long-term strategy, and that capital-market funding remains central to its financing plans and balance-sheet management.

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.

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.