Name of borrower: Qatar Islamic Bank (QIB)
Amount: $500 million
Tenor: Five years
Underwriters: HSBC, Standard Chartered Bank, Bank ABC, Dukhan Bank, KFH Capital, MUFG, QInvest, QNB Capital, SMBC Nikko, The Islamic Corporation
Date: November 15, 2023
Qatar Islamic Bank’s (QIB) $500 million, five-year sukuk is the Islamic finance deal of the year in Qatar.
This was the first bank issuer from Qatar to access the dollar market through a public offering since July 2021, and this deal played a pivotal role in unlocking the foreign market for other Qatari entities.
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