MSX Lists Alizz Islamic Bank's OMR 30 Million Perpetual Sukuk

The Muscat Stock Exchange has listed Alizz Islamic Bank's perpetual sukuk, a Sharia-compliant Additional Tier 1 capital instrument valued at OMR 30 million, approximately USD 77.9 million.

The sukuk issuance strengthens Alizz Islamic Bank's capital adequacy ratios in compliance with Basel III requirements and Central Bank of Oman regulations. Perpetual sukuk instruments, which have no fixed maturity date, qualify as Tier 1 capital and bolster a bank's ability to absorb losses and meet regulatory capital buffers.

The listing on the MSX marks a significant milestone for Oman's Islamic capital markets, demonstrating that local Islamic banks can access domestic capital markets for regulatory capital instruments. The transaction was structured to comply with both Sharia principles and international banking capital standards, requiring careful coordination between legal, Islamic finance, and regulatory advisors.

Alizz Islamic Bank, one of Oman's specialist Islamic banking institutions, has been building its balance sheet and product range since its establishment. The perpetual sukuk provides the bank with permanent capital that supports lending growth and business expansion without diluting existing shareholders.

The Omani capital market has been developing its Islamic finance capabilities, with the MSX providing listing and trading infrastructure for Sharia-compliant instruments. The Alizz sukuk listing adds to the exchange's product range and provides institutional and retail investors with a new Islamic fixed-income investment option.

The issuance reflects the broader growth of Islamic capital markets across the Gulf, where banks and corporations are increasingly using sukuk as an alternative to conventional bonds for funding and capital management.