Tuesday 07, March 2017 by Nabilah Annuar

ADIB denies potential Sukuk issuance this year

Abu Dhabi Islamic Bank (ADIB) in affirms that it has no immediate plans for a Sukuk issuance.

ADIB has issued a statement clarifying that the story issued by Reuters about a US dollar Sukuk issuance in the next few months is incorrect.

Reuters had recently reported that, “ADIB, the largest Shari’ah-compliant lender in Abu Dhabi, is considering whether to make a US dollar-denominated Sukuk issue over the next few months, banking sources said on Monday. The lender could potentially issue in May this year, one of the sources said, speaking on condition of anonymity because the information is private.”

ADIB said that it has no immediate plans to issue any Sukuk and this has been clarified in an official statement to Reuters.

 

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