Dubai: Dubai Islamic Bank (DIB) has successfully closed its debut US$750 million three-year Senior Unsecured Commodity Murabaha Term Facility, marking a significant milestone in its funding strategy and further diversifying its institutional funding sources.The facility represents DIB's first syndicated Islamic financing transaction and attracted approximately US$1.2 billion in total commitments, equivalent to around 1.6 times the facility size.The transaction was completed at competitive pricing despite a challenging global market environment and ongoing geopolitical uncertainty in the region.DIB said the strong participation from regional and international banks reflected continued confidence in the bank's credit profile, balance-sheet strength and long-term growth prospects.The transaction also highlights the depth of institutional liquidity available to leading UAE financial institutions and the growing relevance of Sharia-compliant financing structures in international banking markets.The syndication was led by HSBC Bank Middle East Limited, Mizuho Bank Ltd. and Standard Chartered, which acted as Initial Mandated Lead Arrangers, Bookrunners and Coordinators.Commenting on the transaction, Dr Adnan Chilwan, Group Chief Executive Officer of DIB, said: “The successful completion of our debut syndicated Islamic financing facility marks an important milestone in DIB's funding strategy and reflects the confidence that leading regional and international institutions continue to place in our franchise.“The strength of demand and quality of participation, particularly against a complex market backdrop, speak to the resilience of our balance sheet, the strength of our credit profile and the disciplined approach that continues to guide our growth.”He added: “Beyond the transaction itself, this facility further diversifies our funding base, deepens our relationships with key banking partners across global markets and demonstrates the growing relevance of Sharia-compliant financing within the international institutional landscape.“As DIB continues to grow, we remain focused on accessing liquidity through diversified and efficient channels while advancing the reach and sophistication of Islamic finance globally.”The facility forms part of DIB's broader funding programme and supports the bank's long-term balance-sheet and growth objectives through diversified sources of Sharia-compliant institutional funding.
