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Sukuk and Islamic Finance

The Sukuk issuance was 5.6 times oversubscribed
21 April 12:10 PM DIB lists $500m perpetual Additional Tier 1 Sukuk on Nasdaq Dubai
Dubai – Mubasher: Nasdaq Dubai has welcomed the listing of a $500 million perpetual Additional Tier 1 Sukuk issued by Dubai Islamic Bank (DIB), according to a press release on Wednesday. With the lowest yield of 3.375% by a GCC bank on an …
The Sukuk is listed on Euronext Dublin and Nasdaq Dubai
15 April 11:51 AM DIB closes lowest pricing on $500m Sukuk issuance
Dubai – Mubasher: Dubai Islamic Bank (DIB) has priced a perpetual non-call five and a half year Additional Tier 1 (AT1) Sukuk issuance worth $500 million with a 3.375% profit rate per annum. This transaction records the lowest pricing closed by a …
The hired banks will arrange fixed income investor calls
12 April 10:59 AM DIB hires banks to arrange USD Sukuk issuance
Dubai – Mubasher: Dubai Islamic Bank (DIB) has hired banks to arrange for a planned issuance of US dollar-denominated Additional Tier 1 Sukuk that are non-callable for six years, Reuters reported. To arrange fixed income investor calls starting on …
AT1 bonds are the riskiest debt instruments banks can sell
5 April 04:04 PM DIB plans to issue US dollar AT1 Sukuk
Dubai – Mubasher: Dubai Islamic Bank (DIB) plans to issue the US dollar-denominated Additional Tier 1 (AT1) Sukuk within this week, two sources told Reuters. AT1 bonds, which are the riskiest debt instruments banks can sell, are perpetual in …
The total value of IsDB Sukuk on Nasdaq Dubai reached $17.14 billion
5 April 01:33 PM IsDB lists $2.5bn sustainability Sukuk on Nasdaq Dubai
UAE - Mubasher: Nasdaq Dubai has welcomed the listing of five-year sustainability Sukuk worth $2.5 billion by Islamic Development Bank (IsDB), which supports development across its 57 member countries. Priced at par with a profit rate of …
Bank Albilad has started offering a domestic SAR-denominated Tier 2 Sukuk
1 April 10:53 AM Bank Albilad commences SAR-denominated Tier 2 Sukuk offer
Riyadh – Mubasher: Bank Albilad has started offering a domestic SAR-denominated Tier 2 Sukuk for up to SAR 3 billion by the way of private placement in Saudi Arabia. For the holders of the previously issued SAR 2 billion Sukuk due in 2026, the …