DUBAI: Dubai Islamic Bank (DIB) announced on Nov. 14, 2025, that it has successfully priced a $1 billion debut Sustainability-Linked Sukuk. The five-year issuance carries a profit rate of 4.572% per annum. The sukuk marks DIB’s first use of a sustainability-linked structure, which ties the financial terms directly to the bank’s performance on pre-agreed…
Gulf International Bank – Saudi Arabia (GIB KSA), a leading bank in the Kingdom, has successfully issued its first Tier 2 Sukuk worth SAR 1.5 billion under its newly established SAR 3 billion Tier 2 Sukuk programme. The Sukuk, which has a tenor of 10 years with a call option after five years, was…
KARACHI, PAKISTAN: ABHI, a leading embedded finance platform in the Middle East, North Africa and Pakistan (MENAP) region, has announced that it has issued Islamic bonds worth PKR 2 billion (US$7.1 million), making it the first Fintech in the region to do so. The Islamic bonds, also known as Sukuk, are financial instruments that…
KARACHI: K-Electric (KE) announced the successful closure of its PKR 25 billion Sukuk which is the largest Sukuk issue in the private sector of Pakistan. With oversubscription of IPO portion of Sukuk by almost 2.5 times, the power utility was able to close the Sukuk subscription on 3rd August 2020, more than two weeks…
DUBAI: Jassim Alseddiqi, Chairman of GFH Financial Group (GFH), rang the market opening bell today at Nasdaq Dubai to celebrate the listing of the Group’s USD 300 million Sukuk on the region’s international exchange. The Sukuk is a landmark achievement for GFH as it enters the international debt capital markets. The capital raised supports…
DOHA: Qatar International Islamic Bank has begun a business tour involving a series of meetings with investors in several countries, as the bank plans to issue a USD denominated Sukuk. Qatar International Islamic Bank (QIIB), appointed Standard Chartered Bank as Sole Structuring Advisor, QNB Capital and Standard Chartered Bank as Joint Global Coordinators, and…
LONDON: In a first for the European market, Al Waseelah plc has issued a USD 50 million 10% 7-year Sukuk to finance the expansion of the mining operations for NQ Minerals plc, a UK listed company with a proven track record and operating profits. This is a ground breaking transaction; a first for European…