Emirates Islamic bags ‘Most Innovative Sukuk’ award by The Banker

Emirates Islamic has won the ‘Most Innovative Sukuk’ award, presented by the globally renowned Financial Times’ monthly publication, The Banker, for its inaugural AED 1 billion dirham-denominated sukuk. Emirates Islamic recently announced the successful pricing of its inaugural AED 1 billion ($272 million) dirham-denominated sukuk, the first such dirham sukuk issuance by a UAE bank. […]

UAE’s Aldar Investment Properties plans 10-year $500mln green sukuk – document A general view shows the headquarters of Aldar Properties at Al Raha Beach in Abu Dhabi. Ben Job, Reuters , Reuters Images A general view shows the headquarters of Aldar Properties at Al Raha Beach in Abu Dhabi. Ben Job, Reuters Reuters Images Initial price guidance for the sukuk, which will be issued under the company’s Green Framework, was given at 185 basis points (bps) over US Treasuries, the document said Rachna Uppal, Reuters News May 17, 2023 ISLAMIC FINANCESUSTAINABILITYMARKETSREAL ESTATEUAESUKUK DUBAI – Aldar Investment Properties plans to issue a $500 million 10-year debut green Islamic bond, or sukuk, on Wednesday, according to a bank document seen by Reuters. Initial price guidance for the sukuk, which will be issued under the company’s Green Framework, was given at 185 basis points (bps) over US Treasuries, the document said.

Aldar Investment Properties plans to issue a $500 million 10-year debut green Islamic bond, or sukuk, on Wednesday, according to a bank document seen by Reuters. Initial price guidance for the sukuk, which will be issued under the company’s Green Framework, was given at 185 basis points (bps) over US Treasuries, the document said.   […]

UAE property developer DAMAC to sell 3-year Islamic bond Tuesday

  Dubai-based real estate developer DAMAC plans to sell a benchmark-sized three-year Islamic bond, or sukuk, on Tuesday, a bank document showed, following a series of investor calls and meetings that kicked off last week. Benchmark-sized is understood to mean at least $500 million. The company, rated BB- by S&P, has given initial profit rate […]

First Abu Dhabi Bank raises $500m through Islamic bond

First Abu Dhabi Bank, the UAE’s largest lender by assets, has raised $500 million through a sukuk or Islamic bond, marking the first global sukuk issuance in 2023. The five-year sukuk was priced at 90 basis points over the US treasury rate which is the equivalent of a profit rate of 4.58 per cent and is listed […]