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MEED reported that HSBC, Mizuho and Standard Chartered led the transaction for the UAE’s largest Islamic bank. The facility received strong backing with total commitments reaching $1.2 billion, representing a significant oversubscription of the targeted amount. This marks an important milestone for DIB as it expands its range of funding instruments while supporting its overall growth objectives.
The bank has maintained a proactive approach in global debt markets over the past year. A statement from DIB in November 2025 detailed the successful issuance of its first sustainability-linked sukuk worth $1 billion, which achieved more than two times oversubscription with orders exceeding $2 billion. Over 80 investors from Europe, Asia and the Middle East participated in that offering.
DIB posted stable profits in the first half of 2026 despite varying market conditions. An earnings call transcript showed the bank recorded AED 3.7 billion in profit with revenues up 10 percent while net financing assets increased 7 percent to AED 281 billion. The lender continues to target 10 percent growth in net financing for the full year along with other key performance metrics.
As the world’s first Islamic bank founded in 1975, DIB holds an A3 rating from Moody’s and an A rating from Fitch. These ratings, combined with the bank’s robust financial metrics, contributed to the positive reception of its syndicated facility. The deal further diversifies DIB’s liabilities and reduces reliance on customer deposits.
DIB’s investment banking division has arranged numerous similar transactions for clients across the region. Bank prospectus documents indicate that the unit ranks among the top global players in Islamic syndications and sukuk issuances. By executing its own debut deal, the bank demonstrates confidence in the structures it promotes to third parties.
The syndicated facility adds to a series of successful capital raises by DIB in recent times. Participation from a wide array of banks highlights the depth of the market for Shariah-compliant wholesale funding. MEED noted the transaction closed successfully on the first day of September.
