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Home FINANCE Dubai Islamic Bank issues landmark $1 billion sustainable sukuk

Dubai Islamic Bank issues landmark $1 billion sustainable sukuk

by Press Room


Dubai Islamic Bank has made a significant mark in the global financial market with the successful pricing of its third sustainable sukuk. The sukuk is a landmark $1 billion 5-year senior issue with a profit rate of 5.243 percent per annum. It represents a spread of 95bps over 5-Year US Treasuries. Rated A3 by Moody’s and A by Fitch, Dubai Islamic Bank underscores its commitment to integrating sustainability principles into its financing…



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