Sharjah Islamic Bank Hires Banks For Dollar Sukuk
{{#if alert}}
{{msg}}
{{/if}} {{#if confirm}}
{{msg}}
{{/if}} {{#if email}}
Please enter a valid destination email id
{{/if}}
The bank has appointed HSBC and Standard Chartered Bank as global coordinators
DUBAI: Sharjah Islamic Bank has hired banks to arrange a series of fixed income investor meetings ahead of a potential five-year senior unsecured sukuk denominated in US dollars, a document from one of the banks showed.
The bank has appointed HSBC and Standard Chartered Bank as global coordinators and Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Noor Bank, and Standard Chartered Bank as joint lead managers and bookrunners to arrange meetings in Asia and Britain starting from April 5.
Sharjah Islamic Bank, rated A3 by Moody’s, BBB+ by S&P, BBB+ by Fitch, will issue the Islamic bonds following the meetings, and subject to market conditions.
Company Performance
{{-CLOSE}}
{{-CHANGE_POINTS}}
{{-CHANGE_PERCENT}}(%)
As on
Islamic Banking Assets To Hit $7.5tn By 2028 As Global Demand Surges
Standard Chartered forecasts Islamic banking assets to soar to $7.5tn by 2028, driven by ESG investment and rising corp... Read more
MENA M&A Deals Jump 23% To $69.1bn In 2025 As UAE And Saudi Lead Record Cross-border Growth
MENA M&A deals rose 23% to $69.1bn in 2025, led by the UAE and Saudi Arabia. Cross-border transactions hit a five-y... Read more
UAEs Tabreed Settles Its $500mn Trust Certificates Due In 2025
The 7-year senior unsecured Sukuk was issued in October 2018 and listed on the London Stock Exchange with a fixed 5.5 p... Read more
GCC Insurers Set For Stable Growth, But Smaller Players Under Pressure
Moody’s Ratings says Gulf insurers will benefit from solid economic growth and stronger demand for health and life co... Read more
UAE Residents Can Now Invest In Government-backed Sukuk From Just $1,089
UAE residents and citizens can now invest digitally in Sharia-compliant Retail Sukuk from $1,089, under Ministry of Fin... Read more
Saudi Arabias ZATCA Warns Deadline Approaching For Tax Fine Exemption
Saudi Arabia’s ZATCA reminds taxpayers to benefit from its fine cancellation and penalty exemption initiative before ... Read more