Islamic Finance
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Dubai Islamic Bank successfully closes $1 billion sukuk
Dubai Islamic Bank closed a $1 billion long 5-year sukuk with a profit rate of 2.95 per cent per annum, which is equivalent to 245bps over the equivalent tenor Mid Swap Rate. DIB’s $1 billion sukuk ithe first public benchmark sukuk from a regional financial institution after the COVID-19 market…
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Click here to read the full story: Gulf News