Tagged: Abu Dhabi Islamic Bank (ADIB)

ADIB to issue hybrid sukuk this week

ADIB to issue hybrid sukuk this week

This week, Abu Dhabi Islamic Bank (ADIB) plans to issue a hybrid sukuk. However, it is likely that investors will demand a big premium for the rare structure. According to expectations, the bank will raise minium $500m to shore up its core capital, com…

Islamic Banks and Renewable Energy in MENA

Islamic Banks and Renewable Energy in MENA

Renewable energy such as hydropower, solar and wind energy is becoming focus of some Islamic banks. Especially solar power projects attract major investment in the Middle East and North Africa (MENA). Among the projects are Abu Dhabi’s Masdar City an…

Abu Dhabi Islamic Bank up on sale roadshow

Abu Dhabi Islamic Bank up on sale roadshow

It seems that Abu Dhabi Islamic Bank (Adib) rose the most in three months, as the country’s second-biggest Sharia-compliant lender continued with its roadshow to sell a $500 million five-year sukuk.
The sale will be oragnized by Citigroup, HSBC Holding…

Saudi Al-Rajhi remains biggest Islamic bank

Saudi Al-Rajhi remains biggest Islamic bank

Three banks from UAE are among 10 largest Arab Islamic banks.
Saudi Arabia’s Al-Rajhi group remained at the same position as the world’s largest Islamic bank at the end of 2010 while four in the UAE were among the 10 top Shariah-compliant banks.
Th…

ADIB launches cancer cover Takaful for women

ADIB launches cancer cover Takaful for women

Abu Dhabi Islamic Bank (ADIB) now provides a cancer cover Takaful to all its “Dana Women’s Banking” customers. This can happen through an underwriting process without the need for medical examinations. The scheme can be renewed upon the breach of…