QIIB announced the successful issuance of its $500 million sustainable “Oryx”sukuk for a period of five years, as part of the bank's sukuk programme with a total value of $2 billion.

The sustainability sukuk from QIIB witnessed significant interest and overwhelming response from investors worldwide, with subscription requests reaching over 4.0 billion US dollars. 
The issuance was priced at a spread of 120 basis points above the five-year U.S. Treasury rate, with a final fixed yield of 5.247% annually.

Earlier, QIIB had appointed Standard Chartered Bank as the Global Coordinator for the issuance, along with Al Rayan Investment (Masraf Alrayan Group), Dukhan Bank, Emirates NBD Capital, KFH Capital, Mashreqbank, and Islamic Corporation for the Development of the Private Sector and QNB Capital as Joint Bookrunners and Joint Lead Managers for the issuance.