Latest news with #AbuDhabiIslamicBank
Zawya
08-07-2025
- Business
- Zawya
DIB arranges landmark $1bln sovereign financing for the Government of Pakistan
Five-year syndicated facility partially guaranteed by an ADB Policy-Based Guarantee DIB acted as Sole Islamic Global Coordinator; DIB and Standard Chartered acted as Joint Mandated Lead Arrangers and Bookrunners; Other financiers include Abu Dhabi Islamic Bank (ADIB) as the Mandated Lead Arranger and Ajman Bank, Sharjah Islamic Bank and HBL as Arrangers. Strong participation from Islamic banks, with Islamic tranche representing 89% of total US$1 billion facility. Dubai, UAE – DIB, the world's first Islamic bank and the largest in the UAE, has announced the successful completion of a landmark US$1 billion syndicated term-finance facility for the Government of Pakistan, arranged in collaboration with a consortium of regional and international financial institutions. The five-year facility is an innovative transaction, partially guaranteed by a Policy-Based Guarantee (PBG) from the Asian Development Bank (ADB) — marking the first PBG transaction of its kind undertaken by ADB for the country. The Islamic tranche, structured as an AAOIFI-compliant Commodity Murabaha, represents approximately 89% of the total facility which reflects the growing demand for Shariah-based financing and supports Pakistan's strategic objective of expanding Islamic finance. DIB acted as the Sole Islamic Global Coordinator and alongside Standard Chartered also served as the Joint Mandated Lead Arranger and Bookrunner. Other leading Islamic banks from the region included Abu Dhabi Islamic Bank, Ajman Bank and Sharjah Islamic Bank. Minister of Finance, Government of Pakistan Mr. Muhammad Aurangzeb, stated that: 'This landmark financing arrangement not only underscores the strong confidence of regional and international financial institutions in Pakistan's economic reform trajectory, but also marks an important step in expanding our access to innovative and Shariah-compliant funding solutions. We deeply value the role of partners like DIB and ADB in supporting our efforts to ensure macroeconomic stability and sustainable growth.' Dr. Adnan Chilwan, Group Chief Executive Officer, DIB, commented: 'This transaction marks a key milestone in demonstrating how Sharia-compliant financing can be scaled effectively to meet sovereign objectives while upholding partnership and prudence. DIB is delighted to have re-introduced Pakistan's credit to the Islamic term financing market after a hiatus of over two years through an innovative structure. We are confident this will pave the way for the Government to access broader pools of Sharia-compliant liquidity in the near future. Developed in close coordination with the Government of Pakistan, the Asian Development Bank, and leading financial institutions, the structure reflects strong alignment between market capabilities and national priorities. It offers a compelling example of how values-driven finance can support tangible, real-economy outcomes. At DIB, we remain committed to enabling such purposeful transactions, ones that serve the present, strengthen resilience, and help shape a more inclusive financial future.' This facility represents a milestone in sovereign Islamic finance, combining the strengths of regional and international institutions under a robust, Shariah-compliant structure. The inclusion of an ADB Policy-Based Guarantee has played a key role in facilitating Pakistan's return to the international commercial market, while reflecting confidence in the country's ongoing fiscal reforms and macroeconomic resilience. For the Government of Pakistan, the transaction marks a strategic re-engagement with Middle East capital markets after more than two years, demonstrating growing investor trust and a renewed appetite for collaboration through ethical and cost-effective financing solutions. For participating institutions, the transaction offers an opportunity to support sustainable economic development across key emerging markets, while advancing the global adoption of Islamic finance practices in sovereign funding. About DIB: Established in 1975, DIB is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world's first full service Islamic bank and amongst the largest Islamic banks in the world. With Group assets now exceeding USD95 billion and market capitalisation of more than USD 14bln, the group operates with a workforce of more than 10,000 employees and around 500 branches in its vast global network across the Middle East, Asia and Africa. Serving over 5 million customers across the Group, DIB offers an increasing range of innovative Shariah-compliant products and services to retail, corporate and institutional clients. In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shariah-compliant financial services across a number of markets worldwide. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, The launch of Panin Dubai Syariah Bank in Indonesia early marked DIB's first foray in the Far East, with a stake of nearly 25% stake in the Indonesian bank. Additionally, DIB was given the licence by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd. DIB has been designated as D-SIB (Domestic Systemically Important Bank) in UAE. The acquisition of Noor Bank has solidified its position as a leading bank in the global Islamic finance industry. Recently, DIB has successfully acquired minority stake of 25% of T.O.M. Group which provides digital banking services in Türkiye. The bank's ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. DIB has been named the 'Best Islamic Bank' in various prestigious ceremonies marking the bank's leadership position in the Islamic finance sector. As a progressive Islamic financial institution, DIB embraces the opportunities and challenges associated with integrating sustainability into its business by delivering sustainable products and services and by advancing the green and social composition. 2025 marked DIB Golden Jubilee, with a Bold New Vision for the Future to be prepared to meet the challenges ahead and continue building a legacy of success for the years to come. For more information, please visit us at
Zawya
08-07-2025
- Business
- Zawya
IPTs out for Saudi Alinma Bank's $500mln senior sukuk offering
The initial price thoughts for Saudi Alinma Bank's 5-year $500 million WNG senior sukuk offering are in the area of 130 basis points plus Treasuries. The Saudi lender, rated A2 (stable) by Moody's, A- (stable) by S&P and A- (stable) by Fitch, said the Reg S Category 2 Wakala structure will be priced on Tuesday. The expected sukuk is rated A- by S&P and A- by Fitch, with an issue date of 15 July 2025 Proceeds will be used for general banking business, with the issuance to be listed on London Stock Exchange's International Securities Market. Abu Dhabi Islamic Bank, Alinma Capital, Dubai Islamic Bank, Emirates NBD Capital, Goldman Sachs International, JP Morgan and Standard Chartered Bank have been appointed as Joint Lead Managers. The issuance comes under Alinma Sukuk Limited's $500 million Trust Certificate Issuance Programme. (Writing by Bindu Rai, editing by Daniel Luiz)
Gulf Today
07-07-2025
- Business
- Gulf Today
ADIB advances sustainable finance agenda with Dhs17.3 billion in sustainable finance mobilised
Abu Dhabi Islamic Bank (ADIB) has reported the mobilisation of over Dhs17 billion in sustainable finance as of year-end 2024, marking continued progress toward its Dhs60 billion sustainable finance commitment by 2030. This update coincides with the release of ADIB's 2024 Sustainability Report, which details material advancements in climate alignment, ESG governance, and inclusive growth in line with UAE Net Zero 2050 strategy and UAE 2031 vision. This year's report highlights key achievements, including the publication of ADIB's first sector-specific financed emissions targets, making it the first Islamic bank in the region to set such interim 2030 targets. These cover six high-emission sectors, such as real estate, utilities, and home finance, aligned with IEA Net Zero scenarios and the UAE's national decarbonisation strategy. As part of its commitment to international best practices, ADIB also conducted a double materiality assessment in accordance with the European Sustainability Reporting Standards (ESRS) to evaluate both the financial and societal impacts of its activities, a critical step to understand the material impacts, risks and opportunities (IROs) on the economy, environment, and people. ADIB's Double Materiality Assessment was performed within the context of each of the ESRS topical standards, covering environmental, social, and governance issues. ADIB also published its inaugural Green Sukuk allocation and impact report for its US$500 million Green Sukuk issuance. As of December 2024, 90 percent of proceeds have been allocated toward renewable energy, energy efficiency, and sustainable water infrastructure, contributing to over 607,000 tonnes of estimated annual avoided emissions. Operationally, ADIB reported an 87 percent drop in Scope 1 emissions compared to 2022 and a 3.51 per cent reduction in Scope 2. These improvements reflect continued investments in energy efficiency, electrification, and operational optimisation across the Group. Commenting on this, Mohamed Abdelbary, Group Chief Executive Officer at ADIB, said, 'Putting sustainability at the heart of what we do is one of the three key pillars of our 2035 vision. We're proud of the progress we're making, and how we're using our financing to contribute to the transition of our customers and the economy. Our latest sustainability disclosures reflect our steadfast commitment to ethical, inclusive, and climate-aligned banking. From leading the region in green sukuk to setting the benchmark on sectoral decarbonisation, we are taking decisive steps toward a low-carbon future. Abdelbary added, 'Our double materiality assessment reinforces ADIB's commitment to credible, decision-useful disclosure. It ensures we understand not only how sustainability impacts our business but how our business impacts the environment, society and economy. This is central to how we plan, report and act. ADIB continued to strengthen its social impact agenda in, achieving a 44 percent Emiratisation rate, with women comprising 72 per cent of UAE national hires and 39 per cent of the total workforce. WAM
Al Etihad
07-07-2025
- Business
- Al Etihad
ADIB advances sustainable finance agenda with Dh17.3 billion in sustainable finance mobilised
7 July 2025 19:23 ABU DHABI (WAM) Abu Dhabi Islamic Bank (ADIB) has reported the mobilisation of over Dh17 billion in sustainable finance as of year-end 2024, marking continued progress toward its Dh60 billion sustainable finance commitment by update coincides with the release of ADIB's 2024 Sustainability Report, which details material advancements in climate alignment, ESG governance, and inclusive growth in line with UAE Net Zero 2050 strategy and UAE 2031 year's report highlights key achievements, including the publication of ADIB's first sector-specific financed emissions targets, making it the first Islamic bank in the region to set such interim 2030 cover six high-emission sectors, such as real estate, utilities, and home finance, aligned with IEA Net Zero scenarios and the UAE's national decarbonisation part of its commitment to international best practices, ADIB also conducted a double materiality assessment in accordance with the European Sustainability Reporting Standards (ESRS) to evaluate both the financial and societal impacts of its activities, a critical step to understand the material impacts, risks and opportunities (IROs) on the economy, environment, and Double Materiality Assessment was performed within the context of each of the ESRS topical standards, covering environmental, social, and governance also published its inaugural Green Sukuk allocation and impact report for its $500 million Green Sukuk issuance. As of December 2024, 90% of proceeds have been allocated toward renewable energy, energy efficiency, and sustainable water infrastructure, contributing to over 607,000 tonnes of estimated annual avoided ADIB reported an 87% drop in Scope 1 emissions compared to 2022 and a 3.51% reduction in Scope 2. These improvements reflect continued investments in energy efficiency, electrification, and operational optimisation across the on this, Mohamed Abdelbary, Group Chief Executive Officer at ADIB, said, 'Putting sustainability at the heart of what we do is one of the three key pillars of our 2035 vision. We're proud of the progress we're making, and how we're using our financing to contribute to the transition of our customers and the economy. Our latest sustainability disclosures reflect our steadfast commitment to ethical, inclusive, and climate-aligned banking. From leading the region in green sukuk to setting the benchmark on sectoral decarbonisation, we are taking decisive steps toward a low-carbon added, 'Our double materiality assessment reinforces ADIB's commitment to credible, decision-useful disclosure. It ensures we understand not only how sustainability impacts our business but how our business impacts the environment, society and economy. This is central to how we plan, report and act. ADIB continued to strengthen its social impact agenda in, achieving a 44% Emiratisation rate, with women comprising 72% of UAE national hires and 39% of the total workforce.
TECHx
07-07-2025
- Business
- TECHx
ADIB Reports AED 17B in Sustainable Finance by 2024
Home » Emerging technologies » Fintech » ADIB Reports AED 17B in Sustainable Finance by 2024 Abu Dhabi Islamic Bank (ADIB) has reported the mobilisation of over AED 17 billion in sustainable finance by the end of 2024. This marks continued progress toward its AED 60 billion sustainable finance goal by 2030. The announcement was made alongside the release of ADIB's 2024 Sustainability Report. The report outlines key developments in climate alignment, ESG governance, and inclusive growth. These efforts align with the UAE Net Zero 2050 strategy and UAE 2031 vision. ADIB revealed that it is the first Islamic bank in the region to set interim 2030 financed emissions targets. These sector-specific targets cover six high-emission sectors, including: Real estate Utilities Home finance The targets are aligned with IEA Net Zero scenarios and the UAE's national decarbonisation strategy. To ensure alignment with international best practices, ADIB conducted a double materiality assessment. This was done in accordance with the European Sustainability Reporting Standards (ESRS). The assessment evaluated both financial and societal impacts of its activities. The bank noted that the double materiality approach helped identify material impacts, risks, and opportunities across economic, environmental, and social domains. ADIB also confirmed the assessment addressed all ESRS topical standards. In addition, ADIB published its first Green Sukuk allocation and impact report. This followed its USD 500 million Green Sukuk issuance. As of December 2024, 90% of proceeds have been allocated to projects in: Renewable energy Energy efficiency Sustainable water infrastructure These projects are estimated to contribute to over 607,000 tonnes of avoided annual emissions. Operationally, ADIB reported significant reductions in its own emissions. Scope 1 emissions dropped by 87% compared to 2022. Scope 2 emissions saw a 3.51% decrease. These improvements stem from investments in electrification, energy efficiency, and operational optimisation. Commenting on the report, Mohamed Abdelbary, Group CEO at ADIB, said the bank is placing sustainability at the core of its 2035 vision. He stated that ADIB is supporting the economic transition through responsible financing. He added that the bank's disclosures highlight its commitment to ethical, inclusive, and climate-aligned banking. He emphasized ADIB's leadership in Green Sukuk and sectoral decarbonisation. Abdelbary also noted that the double materiality assessment supports decision-useful disclosure. It enables ADIB to understand both how sustainability affects its business and how its business affects the wider environment and society. Social impact was another key area of progress. ADIB achieved a 44% Emiratisation rate. Women represented 72% of UAE national hires and 39% of the total workforce. The bank reported an average of 62 training hours per employee. It also partnered with over 140 community organisations to support financial inclusion, education, and social welfare. ADIB continues to receive strong ESG ratings. These include: 'AA' rating from MSCI Score of 74 from LSEG ESG Score of 41 from DJSI These scores reflect the bank's leadership in responsible finance. ADIB was also recognised as the Best Islamic Bank for ESG by Global Finance and MEED.
