Sharjah Islamic Bank (SIB) has successfully completed the issuance of a USD 500 million senior unsecured Sukuk, reaffirming its strong market position and proactive funding strategy. Launched amid heightened market volatility and year-end liquidity pressure, the transaction underscores investor confidence in the Bank’s solid fundamentals and disciplined approach to balance sheet management. The five-year Sukuk was priced at a yield of 4.65%, equivalent to a spread of 95 bps over U.S. Treasuries. The deal attracted an order book exceeding USD 1.35 billion, representing an oversubscription of 2.6x times, with broad ...