Dubai: National Bank of Abu Dhabi managed around $3.9 billion (Dh14.3 billion) of international Sukuk issuance in the first quarter of 2015, representing about 69 per cent of the global market by value.
In the first three months of 2015, NBAD worked on four major deals. In addition to acting as a bookrunner on the UKEF-backed Sukuk closed by Emirates Airlines, the Bank also acted as Joint Bookrunner on International Sukuk issuances by Dubai Islamic Bank, Islamic Development Bank and the Government of Ras Al Khaimah, it said in a statement.
“We look forward to continuing to build momentum in debt capital markets as we focus on helping clients around the world to raise capital in all forms,” said Alex Thursby, NBAD’s Group Chief Executive Officer.
The Islamic finance industry is expected to double over the next five years internationally to over $3.4 trillion.
“Middle Eastern investors are increasingly relevant to international and regional borrowers - across Sukuk, bonds and loans - and it is our goal at NBAD to champion this,” said Andy Cairns, Managing Director and Global Head of Debt Origination & Distribution at NBAD.
