Sharjah Islamic Bank hires HSBC, StanChart for benchmark dollar sukuk

03/04/2018 08:09 AST

Sharjah Islamic Bank has mandated HSBC and Standard Chartered to coordinate the potential sale of dollar-denominated sukuk, sources familiar with the matter said.

The Islamic bonds will be of benchmark size, which normally means upwards of $500 million (Dh1.83 billion), and are expected to have a five-year tenor.

The notes will be issued over the next few weeks, and the sale could be announced as soon as this week, depending on market conditions. The bank did not immediately respond to a request for comment.

HSBC and Standard Chartered are global coordinators for the planned deal, but other banks will join as arrangers, said one of the sources. Sharjah Islamic Bank has $500 million in outstanding sukuk, issued in 2013, that matures this month. It has sold two additional international sukuk of $500 million each in 2015 and 2016, both with five-year maturities.


Gulf News

News

Sharjah Islamic Bank's H1 2026 profit rises 15.3% to Dh804 million

14/07/2026

Sharjah Islamic Bank (SIB) reported a net profit after tax of Dh803.9 million for the first half of 2026, up 15.3 per cent from Dh697.2 million in the same period last year, as the lender delivered b

Khaleej Times

Sharjah Islamic Bank rights issue oversubscribed by 3.2 times

13/05/2026

Sharjah Islamic Bank (SIB) today announced the successful completion of its AED2.59 billion ($705.24 million) rights issue, which saw an oversubscription of 3.2 times.

Executed against an e

Trade Arabia

Sharjah Islamic Bank's Q1 2026 net profit jumps 19.4% to Dh380.7m

14/04/2026

Sharjah Islamic Bank (SIB) on Monday announced that its net profit after tax grew by 19.4 per cent to Dh380.7 million in the first quarter of 2026, compared to Dh318.9 million in the same period last

Khaleej Times

Most Viewed Companies

Ticker Price Volume

Valuation

SIB Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
IHC 371.00 1.00 (0.27%)
FAB 19.76 0.44 (2.27%)
EMIRATESNBD 30.64 -0.22 (-0.72%)
ADCB 15.32 0.00 (0.00%)
ADIB 23.10 -0.24 (-1.03%)

Recent News

Egypt, ADNOC Drilling discuss expanding oil, gas partnership

25/08/2026

Egypt is seeking to expand oil and gas drilling with ADNOC Drilling as part of a broader push to raise domestic production and attract investment into exploration and field development.

Egy

Arab News

OQGN gets BBB- ratings from S&P, Fitch with stable outlook

24/08/2026

Global credit rating agencies S&P Global and Fitch have both assigned OQ Gas Networks (OQGN) a BBB- rating with a stable outlook.

S&P said its BBB- global-scale issuer credit rating on OQGN

Muscat Daily

Al-Jawhara Savings: NBK introduces seamless digital onboarding for Zeina Children's accounts

24/08/2026

National Bank of Kuwait (NBK) continues to reinforce its leadership in digital innovation and advanced banking services with the introduction of digital onboarding for the Zeina Account through the N

Kuwait Times

Burgan Bank achieves MSCI ESG Rating upgrade to 'BBB'

24/08/2026

Marking an important milestone in the Bank's continued progress toward stronger sustainability and responsible banking practices, Burgan Bank announced that MSCI has upgraded the Bank's ESG Rating fr

Kuwait Times

Saudi Airlines Compete Against Post-Summer Slump With Cost-Cutting Offers

24/08/2026

As travel activity returns to normal levels following a busy summer season and the start of the academic year, Saudi airlines have opened the door to price competition, offering discounts of up to 50

Asharq Al Awsat

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap