Majid Al Futtaim Issues $500 Million Sukuk on Nasdaq Dubai

06:58 AM EST, 12/15/2025 (MT Newswires) -- Real estate developer Majid Al Futtaim issued $500 million worth of sukuk, or Islamic bonds, on Nasdaq Dubai. The sukuk are scheduled for maturity on Oct. 22, 2035, and carry a profit rate of 4.875%, according to a Monday release. The developer received orders totaling more than $2 billion for the sukuk.