IslamicFinance.de

Dubai Islamic Bank (DIB) closed a $1 billion (Dh3.67bn) 5-year sukuk with a profit rate of 2.95%. The sukuk attracted more than 170 investors with the order book rising to over $4.5bn. The sukuk was issued as a drawdown under DIB’s $7.5bn Trust Certificate Issuance Programme, which is listed on Euronext Dublin and Nasdaq Dubai. It is the first public benchmark sukuk issuance from a regional financial institution after the Covid-19 outbreak. Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, ICBC, The Islamic Corporation for the Development of the Private Sector, KFH Capital, Sharjah Islamic Bank and Standard Chartered Bank acted as joint lead managers and bookrunners on this transaction.