Dubai Islamic Bank (DIB) has successfully navigated current global market volatility by securing $1 billion through an Additional Tier 1 (AT1) perpetual sukuk. This landmark transaction, which drew orders exceeding $2.3 billion, highlights robust investor confidence in the UAE’s largest Islamic lender. By achieving an oversubscription rate of 2.3 times, the bank was able to tighten its final profit rate to 6.25 percent, a notable accomplishment given the prevailing geopolitical and economic uncertainties affecting international debt markets.

Dr. Adnan Chilwan, Group CEO of DIB, attributed the success to the bank’s disciplined capital strategy and its established reputation as a reliable issuer. The offering attracted a diverse group of over 85 institutional investors, with a strong emphasis on regional demand, as 83 percent of the allocation went to the Middle East and North Africa. This issuance not only bolsters DIB’s capital base to support future growth but also reaffirms Dubai’s standing as a premier global hub for Shariah-compliant finance as the sukuk prepares to list on both Euronext Dublin and Nasdaq Dubai.