Binghatti Holding’s $500M Sukuk Debuts on Nasdaq Dubai, Raising Total Listings to $1B
Dubai-based property developer Binghatti Holding has listed a new $500 million sukuk on Nasdaq Dubai, bringing the company’s total sukuk listings on the exchange to $1 billion. The announcement was made on Tuesday and marks another step in the company’s fast growth and rising profile in Islamic finance.
Strong demand for the sukuk
The sukuk is part of Binghatti’s larger $1.5 billion trust certificate program. It will mature in 2030 and attracted strong investor interest. In fact, subscriptions crossed $2.5 billion, which is more than five times the size of the offer. Because of this heavy demand, the company was able to set the final profit rate at 8.125%, slightly better than its initial guidance.
The sukuk was listed on both Nasdaq Dubai and the London Stock Exchange, underlining Binghatti’s growing international reach. A bell-ringing ceremony was held to celebrate the occasion, attended by Binghatti’s Chairman Muhammad BinGhatti and Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Both leaders described the sukuk issue as a key achievement for Binghatti and as further evidence of Dubai’s growing importance as a hub for Islamic finance.
With this deal, Nasdaq Dubai now has 108 sukuk listings with a total value of $98.6 billion, making it one of the world’s largest platforms for such instruments.
Investor confidence
Commenting on the strong response, Muhammad BinGhatti said that investor demand reflects confidence in the company’s long-term vision and financial strength. The developer currently holds credit ratings of BB- from Fitch and Ba3 from Moody’s, both with a stable outlook. These ratings signal that Binghatti is viewed as a stable company with manageable risks, which helps attract global investors.
Financial performance in 2025
Binghatti’s financial results for the first half of 2025 highlight its strong momentum in the Dubai property market. The company reported a net profit of $490.1 million (AED 1.8 billion), which is more than three times higher than the profit recorded in the same period last year.
Revenues jumped by 189% to reach $1.7 billion (AED 6.3 billion), while sales rose to $2.4 billion (AED 8.8 billion). These figures show how rapidly the company is expanding as demand for real estate in Dubai continues to climb.
During the first six months of the year, Binghatti launched seven new projects and successfully completed five others. Over the past 18 months, the company has handed over 15 projects, strengthening its reputation for delivering on schedule.
In addition, the company reported a revenue backlog of $3.4 billion (AED 12.5 billion). This represents money from projects already sold but not yet recognized as revenue. Binghatti also has a development pipeline worth over $19 billion (AED 70 billion), signaling many more projects in the future and confirming its place as one of Dubai’s fastest-growing developers.
Looking ahead
The combination of strong sukuk demand, solid financial results, and an ambitious project pipeline positions Binghatti as a key player in Dubai’s booming real estate and financial markets. With this new listing, the company not only raised funds for growth but also strengthened Dubai’s role as a leading global center for sukuk and Islamic finance.
Published: 3rd September 2025
For more article like this please follow our social media Facebook, Linkedin & Instagram
Also Read:
QIA backs Anthropic in $13B round, startup hits $183B value
Saudi retailer Jamjoom Fashion sets IPO price, targets $92M
Sheikh Mohammed Reshuffles UAE Cabinet, New Health Minister
