Nasdaq Dubai has surpassed $100 billion in outstanding Sukuk listings following a record-breaking performance in 2025, underscoring its growing prominence in the global Islamic finance market. The milestone was achieved amid strong issuance activity and sustained international demand for Sharia-compliant debt instruments.
By the end of 2025, the combined value of debt securities listed on Dubai Financial Market and Nasdaq Dubai reached $150.9 billion, with Nasdaq Dubai accounting for $146.1 billion of the total. The figures highlight the exchange’s dominant role within Dubai’s fixed income landscape.
During the year, Nasdaq Dubai recorded $30.6 billion in new debt listings across 60 issuances, marking one of its strongest annual performances to date. The exchange welcomed debut issuances from institutions including Ajman Bank, OMNIYAT, Mashreq, China Development Bank and New Development Bank, reflecting broad-based participation from financial institutions and corporates.
Sovereign issuers continued to play a central role, with listings from Indonesia, the United Arab Emirates Federal Government, and the governments of Ras Al Khaimah and Sharjah reinforcing Dubai’s status as a gateway for regional and international capital flows. Corporate and financial institutions also brought a diverse mix of instruments to the market, including conventional bonds, Sukuk, Additional Tier 1 capital securities and sustainability-linked debt.
The expansion of Nasdaq Dubai’s Sukuk market has been particularly notable over the past decade. Outstanding listings have grown more than eightfold since 2013, rising from $12.6 billion to over $100 billion. Since inception, the exchange has hosted more than $245 billion in cumulative bond and Sukuk issuances, including $177 billion in Sukuk alone, in line with the UAE’s ambition to strengthen its position as a global hub for Islamic finance by 2031.
Nasdaq Dubai also deepened its footprint in sustainable finance. By the close of 2025, ESG-linked debt instruments reached $30.08 billion in outstanding value across 41 issuances. These included green bonds, sustainability bonds, sustainability-linked bonds and a blue bond, reflecting growing investor interest in environmentally focused financing structures.
With strong international participation from sovereign and institutional issuers across Asia and the Middle East, the exchange enters 2026 with continued momentum expected across Sukuk, ESG and multi-currency debt instruments. Nasdaq Dubai has indicated that its focus remains on expanding global connectivity, attracting new issuers and further strengthening its role within Dubai’s broader capital markets ecosystem.