Dubai Islamic Bank, the largest Islamic bank in the UAE, plans to issue dollar-denominated sukuk
According to Arabiya Net, the bank has already appointed advisers for the deal, which is expected to take place early next week, and the issuance size is expected to reach 500 million. dollars, according to sources.
The Dubai Islamic Bank issued a dollar-denominated sukuk with a five-year term of $1 billion last June, in addition to an additional $500 million from April, and the return on those sukuk was at the time. It is the lowest in the region.
