Dubai’s ultra-luxury real estate giant, OMNIYAT, has stormed into sustainable finance, listing its debut green sukuk on Nasdaq Dubai and raising $500 million. This three-year Sharia-compliant bond, a first for a Middle East real estate developer, was oversubscribed 3.6 times with $1.8 billion in orders, signaling massive investor appetite. Priced at a profit rate of 8.375%, it reflects confidence in OMNIYAT’s vision.

The proceeds will fuel eco-friendly projects under OMNIYAT’s Green Financing Framework, aligned with ICMA Green Bond Principles. Think sustainable luxury developments that blend profitability with environmental impact—a game-changer for Islamic finance. This milestone boosts Nasdaq Dubai’s ESG debt pool to $29.6 billion, cementing Dubai’s role as a green finance hub.

Why does this matter? Green sukuk fuse Sharia-compliant investing with sustainability, a trend surging globally. OMNIYAT’s move sets a precedent for regional developers, amplifying the UAE’s push for ethical investments. With this, OMNIYAT isn’t just building properties—it’s shaping the future of Islamic finance.