{"id":47595,"date":"2022-02-15T13:59:20","date_gmt":"2022-02-15T09:59:20","guid":{"rendered":"https:\/\/blog.dubaicityguide.com\/site\/?p=47595"},"modified":"2022-02-15T13:59:20","modified_gmt":"2022-02-15T09:59:20","slug":"nasdaq-dubai-welcomes-listing-of-us-750mln-sukuk-by-dubai-islamic-bank","status":"publish","type":"post","link":"https:\/\/blog.dubaicityguide.com\/site\/nasdaq-dubai-welcomes-listing-of-us-750mln-sukuk-by-dubai-islamic-bank\/","title":{"rendered":"Nasdaq Dubai Welcomes Listing Of US$ 750mln Sukuk By Dubai Islamic Bank"},"content":{"rendered":"<p>Nasdaq Dubai, the region\u2019s international financial exchange, today welcomed the listing of a US$ 750 million Sukuk by Dubai Islamic Bank (DIB). The 5-year new Sukuk issuance is part of DIB\u2019s US$ 7.5 billion Sukuk Program.<\/p>\n<p>The UAE\u2019s first Sukuk issuance in 2022 has been priced at a profit rate of 2.74% per annum, 95 basis points over the 5 year US Treasury representing the lowest-ever credit spread on any of DIB\u2019s fixed-rate senior Sukuk issuances.<\/p>\n<p>The issuance was oversubscribed by more than 2.5 times in a clear testament on the bank\u2019s strong credit profile and attractiveness to international and regional fixed-income investors.<\/p>\n<p>The new listing strengthens Dubai capital markets\u2019 status amongst the leading Sukuk listing venues globally with a total value of US$ 79.19 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq Dubai, the region\u2019s international financial exchange, today welcomed the listing of a US$ 750 million Sukuk by Dubai Islamic Bank (DIB). The 5-year new Sukuk issuance is part of DIB\u2019s US$ 7.5 billion Sukuk Program. The UAE\u2019s first Sukuk issuance in 2022 has been priced at a profit rate of 2.74% per annum, 95 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-47595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/47595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=47595"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/47595\/revisions"}],"predecessor-version":[{"id":47598,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/47595\/revisions\/47598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/47597"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=47595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=47595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=47595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}