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MEED reported that Dubai Islamic Bank closed its debut $750 million three-year senior unsecured commodity murabaha term facility after attracting commitments of approximately $1.2 billion equivalent to 1.6 times the targeted amount. HSBC Bank Middle East Mizuho Bank and Standard Chartered acted as initial mandated lead arrangers bookrunners and coordinators on the transaction. The facility closed at competitive pricing levels despite global market volatility and geopolitical tensions according to the publication. DIB described the syndication as a milestone that diversifies its funding sources beyond customer deposits and sukuk issuance.
DIB’s financial disclosures placed total assets at AED 420 billion as of the end of March 2026. The bank’s interim results for the first half of 2026 showed gross revenue rising 10 percent year on year to AED 12.4 billion. DIB ranks as the largest Islamic bank in the UAE by assets according to its own statements and holds A3 and A long-term ratings with stable outlooks from Moody’s and Fitch respectively.
According to DIB’s investor materials the bank has participated in more than $20 billion of sukuk issuances and nearly $6 billion of syndicated financings in recent years while acting in various lead roles. This transaction marks the first time DIB has raised funds through a syndicated Islamic financing facility in its own name. The commodity murabaha structure follows Shariah principles through a cost-plus sale mechanism rather than conventional interest payments.
DIB was established in Dubai in 1975 as the world’s first Islamic bank and has since expanded its investment banking division to cover sukuk structuring syndicated financings and other Shariah-compliant products. The division has pioneered numerous landmark deals in international Islamic capital markets DIB’s prospectus documents indicate. Such activity has consistently placed the bank among the top participants in global sukuk league tables compiled by Bloomberg.
The five-year DRIVE strategy that DIB outlined in 2021 focuses on digital transformation robust foundations value creation versatile operations and customer engagement the bank has stated in its reports. The new syndicated facility supports balance sheet optimisation within that framework. Islamic banks across the GCC have increasingly turned to similar instruments to meet liquidity needs amid sustained regional economic expansion according to sector data.
