Dubai Islamic Bank (DIB) has successfully closed its first-ever syndicated Islamic financing transaction, raising USD 750 million through a three-year Senior Unsecured Commodity Murabaha Term Facility. (dib.ae)
The facility attracted approximately USD 1.2 billion in total commitments from regional and international banks, representing around 1.6 times the original facility size.
The transaction marks an important step in DIB’s funding strategy and further diversifies the bank’s sources of institutional funding through Shariah-compliant financing.
The syndication was led by HSBC Bank Middle East, Mizuho Bank and Standard Chartered, which acted as Initial Mandated Lead Arrangers, Bookrunners and Coordinators.
DIB Group CEO Dr. Adnan Chilwan said the level of demand reflects confidence from regional and international financial institutions in the bank. He added that the transaction further diversifies DIB’s funding base and strengthens relationships with banking partners across global markets.
The facility forms part of DIB’s broader funding programme and provides the bank with additional access to institutional liquidity through Shariah-compliant structures to support its long-term balance sheet and growth objectives.
Source: Dubai Islamic Bank
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
