ADIB Global Sukuk Fund Raises More Than USD 160 Million

Abu Dhabi Islamic Bank (ADIB) has raised more than AED 587 million (USD 160 Million) via the ADIB Global Sukuk Fund.

Why it Matters?

The funds raised by ADIB demonstrate the strong market demand for Shariah-compliant investment products. Among the key features that attracted investors to the fund was its daily liquidity, investment grade average rating, low volatility, relatively short duration, and the option for regular attractive quarterly income distribution, as stated by ADIB Global Head of Wholesale Banking Groups, Michael Gregory Davis.

Details

The fund is fashioned to make available investment opportunities in the Shariah-compliant ecosystem, including sovereign, quasi-sovereign, financial institutions and corpor...