Project description

The FAB Sukuk Company Limited (First Abu Dhabi Bank) USD500 Million 4.581% 17-Jan-2028 is a Sukuk issuance by First Abu Dhabi Bank, one of the largest banks in the United Arab Emirates.

Investors who purchase this Sukuk issuance will receive a fixed annual return of 4.581% until the maturity date, at which point they will receive their principal investment back. The Wakala Sukuk structure provides investors with a level of security, as the underlying assets are managed by an agent and are intended to provide a source of repayment for the Sukuk.

Overall, the FAB Sukuk Company Limited (First Abu Dhabi Bank) USD500 Million 4.581% 17-Jan-2028 is a Sukuk issuance that provides investors with a fixed income stream and a level of security, while allowing First Abu Dhabi Bank to raise funds for its financing activities.

$500.000.000

Target

4%

Expected return

31 Juli 2023

End Project

19%

$405.000.000

Available for investment

$95.000.000

Already funded

Type of Sukuk
Wakala Sukuk, which are structured in a way that involves an agency agreement between the issuer and an agent who manages the underlying assets or investments.
Credit Rating
The Sukuk issuance has been rated Aa3 by Moody's and AA- by Fitch Ratings, indicating a high credit quality and low credit risk.
Start date
01 April 2023
End date
31 Juli 2023
Location
Abu Dhabi
Objective
The Sukuk issuance will be used for general corporate purposes, including funding the bank's Shariah-compliant financing ac8vi8es.

Project gallery

Start investing

Minimal Investment $100.000

Project Transaction

Date Total Dividen Payment Status
08 April 2023 $50.000.000 5% BANK BNI Paid
10 April 2023 $45.000.000 5% BANK BRI Paid

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