Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, today announced that it was the only bank in the Middle East that has been awarded with the “Best Islamic Bond Award for the year 2012″, presented by the International Financing Review (IFR), Thomson Reuters’ official flagship title.
ADIB received the award for successfully issuing a $1bn Perpetual Shari’a-compliant Sukuk, which was priced at an expected profit rate of 6.375% - one of the lowest rates achieved for any perpetual instrument by a global bank. (Press Release)