Dubai – Mubasher: Emirates Islamic Bank (EIB) announced Monday the completion of issuing five-year sukuk worth $750 million from its $2.5 billion Certificate Issuance Programme.

The issuance, due to be listed on NASDAQ Dubai and the Irish Stock Exchange, received overwhelming investor interest from across the globe and marked the bank’s return to the international debt capital markets after a period of four years, according to a statement.

“We are extremely proud that the Sukuk issuance has been heavily oversubscribed, a testament to our success and investors’ belief in our growth potential,” EIB’s Chief Executive Officer, Jamal Bin Ghalaita, said.

“We have decided to tap the market now to benefit from the current market rates to drive our strategy and help us achieve our goal to become the clear leader in the Islamic banking sector,” he added.