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Baghdad approves 100M dinar sukuk
Boubyan Bank announced that it has obtained final approvals from the Central Bank of Kuwait and the Capital Markets Authority to issue perpetual hybrid capital sukuk worth up to 100 million Kuwaiti Dinars, aimed at strengthening its Tier 1 capital. The sukuk will be issued through Boubyan Tier 1 Sukuk II Limited under English law, with solid credit ratings from global rating agencies. This issuance is expected to enhance the bank’s financial position and follows an initial approval received in August 2026. The bank also achieved profits of 54.72 million Dinars in the first half of the year, representing a 5% increase compared to the same period last year.
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