Dubai Islamic Bank poised to issue dollar sukuk – sources

Dubai Islamic Bank poised to issue dollar sukuk – sources:

"Dubai Islamic Bank, the largest sharia-compliant bank in the United Arab Emirates, is expected to issue as soon as next week a U.S. dollar-denominated Islamic bond in the region of $750 million, sources familiar with the matter said. The bank, which this week reported a 26 percent increase in fourth-quarter net profit, has appointed a group of banks including HSBC and Standard Chartered for the planned Islamic bond, or sukuk. The bank’s chief executive Adnan Chilwan said on Wednesday during a conference call to discuss the lender’s fourth-quarter results that Dubai Islamic Bank was considering capital raising options in 2018, including a rights issue and an Islamic bond."



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