Dubai Islamic Bank raises debut $750M in syndicated Islamic financing
What's the deal? Dubai Islamic Bank (DIB)Dealroom has a profile for this one. Try Dealroom → has closed its first syndicated Islamic financing facility, raising $750 million through a three-year senior unsecured Commodity Murabaha term facility. HSBC Bank Middle EastDealroom has a profile for this one. Try Dealroom →, Mizuho BankDealroom has a profile for this one. Try Dealroom →, and Standard CharteredDealroom has a profile for this one. Try Dealroom → acted as initial mandated lead arrangers, bookrunners, and coordinators.
By the numbers: The transaction drew around $1.2 billion in commitments — about 1.6 times the facility size. DIB said it secured the pricing despite a complex global market and continued geopolitical uncertainty in the region.
What's the endgame? The debut facility marks a new step in DIB's funding strategy, diversifying its institutional funding through a Shariah-compliant structure. It forms part of a broader funding programme supporting the bank's long-term balance sheet and growth objectives.
Why it matters: Group chief executive officer Dr Adnan Chilwan called the deal an important milestone. "The strength of demand and quality of participation, particularly against a complex market backdrop, speak to the resilience of our balance sheet, the strength of our credit profile and the disciplined approach that continues to guide our growth," he said.
Chilwan added that the facility showed "the growing relevance of Shariah-compliant financing in international institutional markets," and would help deepen DIB's relationships with banking partners across global markets.
The facility forms part of DIB's broader funding programme and will support the bank's long-term balance sheet and growth objectives.
The signal: At $750 million, the raise ranks among the largest debt deals tracked in the UAE financial sector, sitting in the 96th percentile of nearly 1,000 comparable rounds. The oversubscription signals sustained international appetite for Islamic finance instruments as banks seek to diversify beyond conventional funding.
Read more: khaleejtimes.com
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