Home UAE Dubai Dubai Islamic Bank lists $500m sukuk on Nasdaq Dubai DIB is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total value of $6.3bn listed on the exchange by Varun Godinho April 22, 2021 Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has listed a $500m perpetual Additional Tier 1 sukuk. The sukuk achieved the lowest ever yield of 3.375 per cent by a GCC bank on an Additional Tier 1 instrument and was 5.6 times oversubscribed with an order book that peaked at $2.8bn. The sukuk was listed on April 19, 2021, and takes the total listed value of sukuk on Nasdaq Dubai to $74.66bn. DIB is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total value of $6.3bn, including this latest $500m listing. In November last year, DIB listed a $1bn sukuk on the exchange, achieving a 5.7 times subscription rate, which attracted over 150 investors from around the world. Read: Dubai Islamic Bank lists $1bn sukuk on Nasdaq Dubai Also in November last year, DIB confirmed that it had completed the integration of Noor Bank with the successful migration of all banking relationships into DIB. The acquisition resulted in DIB recording total assets over Dhs300bn. Tags Banking Dubai Islamic Bank Economy finance Nasdaq Dubai Sukuk 0 Comments You might also like Global outstanding sukuk market hits $823bn in Q3 2023 Key trade deal brings UAE, Mauritius closer together Bahrain notched up 2.45% growth in third quarter of 2023 Has UK economy entered a recession? Q3 data suggest so