Ajman Bank has successfully launched and listed a USD 300 million Additional Tier 1 (AT1) Perpetual Sukuk on Nasdaq Dubai, marking a significant milestone for the financial institution as it diversifies its capital structure.
This inaugural transaction for Ajman Bank underscores the growing trend of sukuk issuances within the region, reflecting the bank’s commitment to expanding its funding options and enhancing its capital resilience in accordance with regulatory standards.
The listing of this sukuk not only bolsters Ajman Bank’s position in the financial market but also showcases the vital role of Nasdaq Dubai as a prominent hub for sukuk activities, furthering its reputation as a key player in the global Islamic finance landscape.
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