Dubai Islamic Bank to boost capital through sukuk sale

Posted by on Mrz 5th, 2013 and filed under Islamic Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Dubai Islamic Bank plans to boost its capital through a sharia-compliant debt instrument. Therefore, the bank will hold investor meetings in Asia, Middle East and Europe starting March 7 ahead of issuing the dollar-denominated, benchmark-sized hybrid sukuk, subject to market conditions. Benchmark-size is understood to be at least $500 million. The potential sale will be arranged by Emirates NBD , HSBC Holdings, National Bank of Abu Dhabi , Standard Chartered and the bank itself.

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