Search Site

Trends banner

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

QIIB lists sukuk on London Stock Exchange

This is the third time the bank has listed its sukuk on the London Stock Exchange. (QNA)
  • The sukuk drew investors from the GCC, the Middle East, Europe, Asia and America
  • According to a bank's statement, the issue was oversubscribed more than eight times

Doha, Qatar–Qatar International Islamic Bank (QIIB) has listed a sustainable sukuk worth $500 million on the London Stock Exchange.

This is the third time the bank has listed its sukuk on the London Stock Exchange.

The Sustainable Sukuk that QIIB succeeded in issuing this week received overwhelming response from investors from various countries, including more than 120 investors from the GCC, the Middle East, Europe, Asia and America. Significantly, more than 55 percent of the investors were from outside the GCC and Middle East region.

The order book was exceeded of $4 billion, which means the issue was oversubscribed more than eight times.

The issue was priced at a spread of 120 basis points above the five-year US Treasury Rate with a final yield of 5.247 percent annually.

A bell ringing ceremony on the occasion of listing QIIB’s Sustainable Sukuk on the London Stock Exchange was organised in the presence of Vice Chairman of the Qatari Businessmen Association HE Sheikh Dr. Khalid bin Thani Al-Thani, HE Minister of State for Investment and Regulatory Reform in the United Kingdom Lord Dominic Johnson, and QIIB Chief Executive Dr. Abdulbasit Ahmad Al Shaibei.

On the occasion of the listing, Dr. Al Shaibei said, “We are happy to be on the London Stock Exchange again today after the exceptional success achieved by the Sustainable Sukuk issued by QIIB for the first time out of Qatar. This success is due to the great confidence in the Qatari economy and the solid financial position of QIIB. This is the third time we have listed international sukuks on the London Stock Exchange. This time Sustainable sukuk worth USD 500 million is being listed.”

He noted, “Our success in issuing Sustainability Sukuk and its listing on the London Stock Exchange today is part of our support and interest in implementing the contents of the Third Financial Sector Strategy, recently launched by Qatar Central Bank, which pays special attention to environmental, social and institutional governance and sustainability.” “QIIB has a long history in the field of sukuks and was the first Qatari bank to issue an “AT1″ sukuk and list it on the London Stock Exchange. We are proud to follow our success story in this field, as our current issuance of Sukuk amounts to USD 500 million. We are now celebrating its listing on the London Stock Exchange, which was successful by all standards.”

The CEO of QIIB noted: “We chose London Stock Exchange to list the bank’s sukuk is due to many factors including the high-level professional working relationship that has been established with “LSE”, and the pivotal economic role that London plays, especially in Islamic Finance.”