Emirates Islamic has successfully priced and listed the world’s first sustainability-linked financing Sukuk bond on Euronext Dublin, marking a major step in sustainable Shariah-compliant finance.
On 23 September 2025, Emirates Islamic placed a USD 500 million Sukuk with a five-year maturity. The issuance attracted strong investor interest, generating USD 1.2 billion in orders and with an oversubscription of 2.4 times. Participation was diversified across regions: 83% from the Middle East, 10% from Europe, and 5% from Asia, reflecting investor confidence in this innovative approach to sustainable finance.
The proceeds will support corporate projects linked to sustainability targets, aligned with Emirates Islamic’s Sustainability-Linked Financing Sukuk Framework, which has received a second- party opinion from ISS-Corporate confirming its alignment with international best practice. This issuance highlights Emirates Islamic’s role as a pioneer in combining Shariah-compliant finance with measurable sustainability objectives, advancing the UAE’s broader sustainability ambitions, including the Net Zero 2050 goal.
This landmark Sukuk establishes a global benchmark for sustainability-linked Sukuk. By integrating sustainability performance targets within a Shariah-compliant structure, Emirates Islamic demonstrates how capital markets can drive innovation and channel investment towards sustainable development worldwide.
Want to learn more about Sukuk listing?
Visit our bond listing webpage and get in touch with the Euronext team.