12/04/2018 06:13 AST

United Arab Emirates’ Sharjah Islamic Bank has launched $500 million (Dh1.8 billion) sukuk with a spread set at 150 basis points over mid-swaps, a document from one of the banks leading the deal showed.

Initial price guidance for the deal was in the area of 160 basis points over mid-swaps. The planned Islamic bonds issue, which will price on Wednesday, has attracted around $950 million in orders, the document showed.

Sharjah Islamic 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 for the issue.

Gulf News

Sharjah Islamic Bank’s net profit up 4% in first half 2018


Sharjah Islamic Bank (SIB) on Sunday reported Dh283 million net profit for the first half 2018 compared to Dh272.9 million in the same period last year. Net operating income reached Dh524.2 million f

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Sharjah Islamic Bank lists $500m sukuk on Nasdaq Dubai


Nasdaq Dubai today welcomed the listing of $500 million sukuk by the Sharjah Islamic Bank, the third listing by the Emirati lender on the region’s international exchange.

The new sukuk is

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SIB reports Dh143m first quarter net profit


Sharjah Islamic Bank (SIB) on Sunday reported a net profit of Dh143.1 million for the first quarter 2018, up 3 per cent compared to Dh139.1 million in the same period last year.

Total asset

Gulf News

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