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Source:
اقتصاد سكاي نيوز عربية
Dubai Islamic secures first joint financing of 750 million
Dubai Islamic Bank successfully closed its first-ever syndicated Islamic financing facilities worth $750 million for a three-year term through a commodity Murabaha structure without collateral, with total commitments amounting to approximately $1.2 billion—about 1.6 times the amount of the facilities granted. This transaction reflects the bank’s strong financial position and the confidence of regional and international institutions, supporting its strategy to diversify funding sources and reinforce its leading role in global Islamic finance, despite challenging market conditions and geopolitical uncertainties. This step is considered a cornerstone for the sustainability of Shariah-compliant institutional funding in the global market.
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