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Sunday, February 25, 2024

Launch Partners

Dubai Islamic Bank to issue dollar-denominated sustainable Sukuk under US$7.5 billion issuance program, Reuters reports

UAE: Dubai Islamic Bank (DIB) has hired banks to arrange the issuance of an upcoming US dollar-denominated sustainable Sukuk facility under its US$7.5 billion issuance program, according to a report by Reuters citing a bank document.

According to the report, Bank ABC, DIB, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, KFH Capital, Mashreq, Sharjah Islamic Bank, Standard Chartered Bank and the Islamic Corporation for the Development of the Private Sector will arrange investor meetings in Singapore and London next week.

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