Dukhan Bank Issues USD 500 Million Debut AT1 Sukuk to Expand Banking Products and Financial Services

Qatar’s Dukhan Bank has announced its debut issuance of Additional Tier 1 (AT1) Sukuk valued at USD 500 million with a profit rate of 3.95%, according to a statement issued by the bank on the 8th of July 2021. The Sukuk issuance was oversubscribed 4.5 times, with an order book that peaked at USD 2.35 billion.

Why it Matters?

The oversubscription of the Sukuk is indicative of the financial strength and confidence of Dukhan Bank and the Qatari economy among global investors, as well as the robust methodology used by the Qatar Central Bank in supervising the country’s banking sector. The Sukuk issuance is the latest move by the bank to increase its range of banking products and financial services to bolster its position in the Islamic banki...