sukuk
Qatar's islamic banking surged to $160.9 billion, outperforming conventional banks
The strategy aims to increase the assets of UAE Islamic banks from AED986 billion to AED2.56 trillion within six years
Net proceeds will support ADNOC Group for general corporate purposes and funding diversification
The seven-year sukuk was more than 6.5 times oversubscribed, with orders exceeding $9 billion
Primary market dollar issuance shows promise despite recent quietness in the GCC region
Sukuk issuance priced at 60 basis points over U.S. Treasuries attracted robust investor interest
The bank successfully priced the $500 million sukuk at a fixed profit rate of 5.125 percent
Primary debt issuances of bonds and sukuk in the GCC region amounted to $51.51 billion through 125 issuances
Investors can now participate with as little as $1,000 compared to the usual $200,000 minimum
UAE's debt markets are growing, reflecting its expanding financial ecosystem and strategic sukuk position
The sukuk saw demand from over 100 investors, including a considerable amount of new investors
