Dubai Islamic Bank completes $750 million Sukuk issue
DUBAI: Dubai Islamic Bank (DIB) successfully closed a USD 750 million 5-year Sukuk with a profit rate of 2.950% per annum, which is equivalent to 140bps over the 5-year Mid…
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DUBAI: Dubai Islamic Bank (DIB) successfully closed a USD 750 million 5-year Sukuk with a profit rate of 2.950% per annum, which is equivalent to 140bps over the 5-year Mid…
DOHA: Masraf Al Rayan has announced the successful issuance of US$ 500 million Sukuk with a term of 5 years under the Bank’s existing US$ 2 billion Sukuk programme, a…
ISLAMABAD: Pakistan Energy Sukuk-I (PES-I) issue of Rs200 billion got listed at the Pakistan Stock Exchange (PSX). PES-I is the largest Shariah compliant financial instrument ever listed at a stock…
DUBAI: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has announced 13% YoY growth in net profit to AED 2.7 billion for the half year ended June…
RIYADH: The Savola Group Company has announced that it has completed the SAR 1.0 billion Sukuk denominated in Saudi Arabian Riyals (SAR) offered by way of private placement. The 7-year…
KARACHI: An agreement was signed between a consortium of 12 banks on Thursday, whereby it was decided that banks would provide Rs159 billion to subscribe to the second Rs200 billion…
RIYADH: Saudi Telecom Company (STC) has announced the start of offering of the first USD denominated issuance of Sukuk pursuant to its Sukuk program.The final value of the first issuance…
MUSCAT: Bank Muscat has received approval from the Central Bank of Oman and the Capital Market Authority, Oman to issue Series 2 under the Meethaq Sukuk Program.The subscription for Series…
SINGAPORE: iFAST Capital Sdn Bhd, the wholly-owned Malaysia subsidiary of SGX-ST Main board-listed iFAST Corporation Ltd., is selling investment grade bonds to retail investors. This move is in conjunction with…
RIYADH: Saudi Telecom Company has announced its intention to establish an international Sukuk Program in a total amount not exceeding USD 5.0 billion and issue Sukuk either directly or through…
DOHA, QATAR: Qatar Islamic Bank (QIB), rated A1/A-/A (all stable) by Moody’s/Standard & Poor’s/Fitch, successfully priced a US$ 750 million 5-year Sukuk at par with a profit rate of 3.982%…
DUBAI, UAE: The Annual General Meeting (AGM) of Dubai Islamic Bank (DIB) has authorized the Board of Directors (BoD) of the Bank to issue a total of $7.0 billion worth…
LONDON: London Stock Exchange has listed Qatar International Islamic Bank (QIIB) $500 million sukuk in the presence of QIIB Chairman and Managing Director Sheikh Dr Khalid bin Thani al-Thani, Chief…
DOHA: Qatar International Islamic Bank (QIIB) has announced the successful issuance of $500 million Sukuk under the Bank’s Sukuk programme of $dollars 2.0 billion. The offering was oversubscribed by six…
KARACHI: K-Electric has decided to raise debt worth up to Rs25 billion to finance ongoing projects in the areas of power generation, transmission and distribution and to finance day-to-day expenditure.…
KARACHI: The Pakistan Economy Watch (PEW) on Sunday said the circular debt has again resurfaced threatening the fragile national economy. The infamous power sector debt has surpassed Rs1300 billion and…