Mamoura Diversified Global Holding (Mubadala) stepped onto the international sukuk stage during the review period with a landmark $1 billion, 10-year sukuk that forwent traditional fixed-asset backing in favour of a bespoke, equity-based wakalah structure.
By deploying the group’s portfolio of publicly listed shares as underlying assets, the transaction became the first UAE-origin sukuk to treat Shariah-compliant listed equity as its principal asset class, signalling fresh flexibility for future issuers.
Investor appetite proved exceptionally strong.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
