According to Amac News: Nasdaq Dubai announced that Additional Tier 1 Sukuk (AT1) was issued with an interest rate of 5.25% per annum and has received strong demand from investors.
This strategic issuance strengthens DIB's leadership in the global Islamic finance sector and provides additional capital to support its growth strategy.
With this listing, Nasdaq Dubai has cemented its position as a leading global center for Sukuk, with total outstanding sukuk now reaching $93 billion across 102 listings and a total of $133 billion across capital market listings.
The publication has attracted various investors including financial institutions, private banks and fund managers from Europe, Asia and the Middle East.
Rated A3 (Stable) by Moody's and A (Stable) by Fitch, DIB currently has an outstanding value of over $9 billion through 11 sukuk listings on Nasdaq Dubai.