Emirates NBD becomes a global leader in arranging US dollar sukuk
Dubai: Emirates NBD, the leading banking group in the region, has announced that its Investment Bank is ranked as the leading arranger of US dollar denominated sukuk globally.
According to league tables published by Bloomberg, from January 2014 to June 2014, Emirates NBD Investment Bank arranged 10 dollar sukuk issuances aggregating to $5.4 billion, which is the highest number of dollar denominated sukuk issuances led by any arranger during this period.
“Emirates NBD Investment Bank becoming a leading arranger of US dollar sukuks worldwide is a milestone achievement, which will take Dubai one step closer to its vision of becoming the world capital of the Islamic economy. Emirates NBD is proud to have made this small contribution towards accomplishment of this vision,” stated Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of Emirates NBD.
Widely recognised as the region’s leading Investment Banking house, Emirates NBD’s investment banking franchise offers a diversified range of products and solutions for clients from across the globe
“We believe this achievement confirms Dubai’s potential to further establish its standing as a global hub for Islamic finance, and underpins its capabilities in offering superior Islamic finance solutions. This achievement also reflects the bank’s focus in not only promoting Dubai’s status as a leading financial hub, but also aligning with Dubai’s Islamic hub strategy,” stated Shayne Nelson, Group CEO Emirates NBD.
This achievement is the latest in a series of prestigious recognitions for Emirates NBD Investment Bank, which has also recently been named the “Best Regional Bank of the Year” by IFR Middle East (Thomson Reuters) and “Best Debt House” by EMEA Finance.