Abu Dhabi Islamic Bank Clinches Sukuk Deal of the Year Award

Abu Dhabi Islamic Bank (ADIB) emerged victorious at the Bonds, Loans & Sukuk Middle East 2024 awards ceremony, securing the coveted Global Financial Institution Sukuk Deal of the Year distinction. This recognition underscores ADIB's proficiency and leadership in navigating intricate market dynamics to deliver exceptional outcomes.

The award specifically honors ADIB's impressive issuance of a $750 million perpetual sukuk, categorized as Additional Tier 1 (AT1) capital, in 2023. This financial instrument plays a crucial role in bolstering a bank's capital adequacy and satisfies regulatory requirements.

ADIB's triumph at the Bonds, Loans & Sukuk Middle East 2024 awards ceremony further reinforces its unwavering commitment to the Islamic finance sector. The bank actively fosters the growth and development of Sharia-compliant financial instruments, solidifying its position as a frontrunner in this domain.

The Bonds, Loans & Sukuk Middle East awards ceremony represents a prestigious platform that acknowledges and celebrates the most innovative and groundbreaking deals within the Middle Eastern corporate and investment banking landscape. A rigorous selection process meticulously evaluates factors such as deal size, tenor, structure, and distribution channels. Furthermore, the analysis delves into the borrower's background and accessibility to financing, awarding additional points for deals that exemplify high-quality execution, the successful tapping of new liquidity pools, and the introduction of pioneering structures that open doors to new markets.

ADIB's award-winning sukuk issuance in 2023 serves as a testament to the bank's unwavering dedication to exceeding expectations. This accomplishment not only bolsters its capital base but also reflects its adeptness in navigating complex market conditions. The successful execution of this deal further strengthens ADIB's reputation as a trusted and reliable partner for investors seeking Sharia-compliant financial solutions.

Beyond its achievement at the Bonds, Loans & Sukuk Middle East 2024 awards ceremony, ADIB actively champions the principles of Environmental, Social, and Governance (ESG) investing. The bank's participation as an ESG partner at the conference underscores its commitment to fostering a sustainable future and promoting ethical financial practices. By actively contributing to the development of a comprehensive agenda, ADIB plays a pivotal role in facilitating the region's transition towards a more environmentally conscious and socially responsible financial ecosystem.

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