by Amruth Sundarkumar | Jul 28, 2022 | Banks
Dubai Islamic Bank’s Q2 2022 net profit rose steeply by 45% to AED 2.7bn ($740mn). This was a product of total income improving 7% YoY to AED 6.3bn ($1.7bn) and a 37% lower impairment charge of AED 948mn ($258mn). Despite a 9% YoY increase in operating expenses, it...
by Megha Malhotra | Sep 1, 2021 | Investment Grade Bonds
Dubai Islamic Bank (DIB), UAE’s largest Islamic lender, is planning an issuance of ~$500mn dollar denominated sukuk, according to Reuters sources. Banks have already been hired for the deal which could be priced as soon as next week. DIB had sold $1bn 1.959%...
by bondevalue | Apr 14, 2021 | Financial Institutions, Perpetual Bonds
Dubai Islamic Bank (DIB) raised $500mn via a perpetual non-call 6Y (PerpNC6) AT1 Sukuk at a yield of 3.375%, an average of 31.25bp inside initial guidance of 3.625-3.75% area. The bonds are unrated and received orders over $2.7bn, 5.4x issue size. The AT1s’...
by bondevalue | Apr 6, 2021 | Investment Grade Bonds
Dubai Islamic Bank (DIB) is planning to revisit the international bond market with a proposed dollar denominated perpetual Additional Tier 1 (AT1) sukuk issuance, as per Zawya sources. The proposed issuance from the UAE’s largest Islamic lender can hit the...
