ADIB role in landmark Indonesia sovereign green sukuk recognized at IFR Asia awards

The transaction, concluded in Feb 2018 won the International Finance Review (IFR) Asia awards for the Socially Responsible Investing (SRI) Capital Markets issue of the year


Abu Dhabi:Abu Dhabi Islamic Bank (ADIB) has been recognized through two prestigious awards for its role in arranging a landmark $3 billion dual-tranche sovereign sukuk issuance for the Republic of Indonesia, including a “green” tranche for financing sustainable projects – the world’s first green sukuk

The transaction, concluded in February 2018 won the International Finance Review (IFR) Asia awards for the Socially Responsible Investing (SRI) Capital Markets issue of the year and Islamic issue of the year.

ADIB acted as a Joint Lead Manager & bookrunner for the dual tranche Sukuk, which included a US$1.25 billion five-year Green Sukuk tranche and a $1.75 billion 10-year Sukuk tranche. Both tranches drew strong demand, with the Green Sukuk sold at a coupon of 3.75 percent, and the 10-year Sukuk sold at 4.4 percent.

“ADIB is expanding its corporate and investment banking business through high profile international mandates, at a time when the global sukuk market is deepening, as governments and companies seek to tap investors that embrace ethical, socially responsible finance and shariah principles,” said Amir Riad, Head Corporate Finance and Investment Banking at ADIB.

Indonesia’s sovereign Green Sukuk hit a “sweet spot”, tapping a significant pool of capital held by investors looking for Shariah-compliant vehicles, and also appealing to ethics-minded investors that were more than willing to finance renewable energy projects. I expect more innovative deals such as this in the coming years.”

ADIB’s other recent deals include acting as a JLM & bookrunner on Senaat debut US$300m 5yr Sukuk, Al Dar US$500m 7yr Sukuk, Tabreed debut US$500m 7yr Sukuk, NMC debut US$400m 5yr as well as ADIB tier-one perpetual sukuk that complies with Basel III regulatory framework.


About ADIB

ADIB is a leading bank in the UAE with more than AED 125 billion in assets. Its 1,044,000 customers benefit from the third largest distribution network in the UAE with 80 branches and more than 680 ATMs. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides retail, corporate, business, private banking and wealth management solutions. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX).

In the UAE, the Bank has more than 2,000 employees and remains one of the leading banks in the recruitment, development and promotion of local talent in all the markets in which it operates. The bank has one of the highest Emiratisation ratios with approx. 36 percent of the bank’s workforce being UAE Nationals.

ADIB has presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan and Iraq.

Named World’s Best Islamic Bank by The Financial Times’ The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Etihad and Etisalat and a wide range of financing products.

For media information, please visit or contact:

ADIB                                                                      Brunswick Group

Radwa Shehab                                                  Sarah Abdelbary

Head of External Communications            Account Director

Direct: +971 2 6910169                                   Direct: +971 2 234 4600

Mobile: +971504734482                                 Mobile: +971561748649

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases