Dubai – Mubasher: Dubai Islamic Bank (DIB) has selected banks to arrange for the issuance of five-year US dollar-denominated Sukuk, Reuters reported.

Bank ABC, DIB, Emirates NBD Capital, First Abu Dhabi Bank (FAB), KFH Capital, HSBC, Sharjah Islamic Bank, Standard Chartered, and The Islamic Corporation for the Development of the Private Sector will arrange investor calls for the Sukuk sale, as shown by a cited document.

Subject to the market conditions, senior unsecured Sukuk issuance of at least $500 million will follow this step.