Qatar Islamic Bank (QIB) has successfully issued a $750 million senior unsecured Sukuk with a five-year tenor at a profit rate of 4.402 percent, equivalent to 80 basis points over US Treasuries.
The final pricing came well inside Qatar Islamic Bank’s fair value, reflecting a 35 basis points tightening from Initial Price Thoughts of 115 basis points area.
The issuance marks the first Sukuk from a Qatari financial institution in 2026 and the lowest profit rate achieved by a GCC bank on a 5-year senior Sukuk in the past 12 months.
Following the announcement, Qatar Islamic Bank conducted a series of investor calls with accounts across Europe, Asia, and the Middle East, with strong initial feedback providing the confidence to open order books the following day at the GCC market open.
Bassel Gamal Group CEO – QIB
“The successful issuance of our $750 Million Sukuk underscores the depth of global investor confidence in Qatar’s strong and stable economy, its investor-friendly policies, along with QIB’s strategy, financial strength, and disciplined execution. The strong demand and favorable pricing outcome reflect market recognition of QIB’s resilient business model and consistent performance across economic cycles.”
“The transaction further diversifies the Qatar Islamic Bank’s funding base, enhances its liquidity profile, and positions it to continue supporting Qatar’s economic growth while delivering sustainable long-term value to stakeholders,” Gamal added.
The Sukuk will be rated A by Fitch and will be listed on the London Stock Exchange’s International Securities Markets.
The Joint Lead Managers and Joint Bookrunners were Abu Dhabi Islamic Bank, Bank ABC, Citi, Dubai Islamic Bank, Dukhan Bank, Emirates NBD Capital, KFH Capital, Mashreq, MUFG, Q Invest, QNB Capital, Standard Chartered Bank, The Islamic Corporation for the Development of the Private Sector, and Warba Bank.
