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Monday, April 15, 2024

Launch Partners

Dubai Islamic Bank engages banks to arrange five-year US dollar sustainable Sukuk, according to Reuters

UAE: Dubai Islamic Bank (DIB) has engaged Bank ABC, Emirates NBD Capital, First Abu Dhabi Bank, KFH Capital, HSBC, Sharjah Islamic Bank and Standard Chartered to arrange its first benchmark-sized US dollar-denominated five-year sustainable Sukuk, reported Reuters. This confirms an earlier report by ISFI in which DIB Group CEO Dr Adnan Chilwan revealed that the bank intends to use its newly released Sustainable Finance Framework to facilitate the issuance of sustainability-related financial instruments including Sukuk.

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