Dubai Islamic Bank ends $750M joint funding
Dubai Islamic Bank successfully closed its first-ever joint Islamic financing facility worth USD 750 million, amid strong interest from regional and international banks. This brought the total commitments to approximately USD 1.2 billion, which is 1.6 times the size of the original facility. The financing tenure is three years, and it is unsecured and Sharia-compliant. The move aims to diversify the bank's sources of funding and strengthen its global liquidity, reflecting the increasing international demand for Islamic financing instruments.
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