Qatar Islamic Bank has tapped global debt markets with a $750 million five-year senior unsecured sukuk, pricing the issue at par and tightening guidance after robust investor demand.
The Islamic lender fixed the spread at 80 basis points over U.S. Treasuries, delivering a profit rate of 4.402%. Early pricing whispers had circled closer to 115 basis points over Treasuries, but appetite for the paper allowed the bank to narrow the spread before books closed.
Investor interest ran strong. Final orders — excluding joint lead manager participation — climbed past $1.6 billion, more than twice the deal size, signaling solid confidence in the Qatari credit.
The trust certificates were issued via a special-purpose vehicle, QIB Sukuk Ltd., under the bank’s $5 billion trust certificate programme. The structure follows Wakala and Murabaha principles, in line with Islamic finance standards.
Settlement is scheduled for March 5, 2026, with maturity set for March 5, 2031. The sukuk is expected to carry an A rating from Fitch. The notes will trade on the International Securities Market of the London Stock Exchange.
A syndicate of regional and international banks arranged the transaction, reflecting broad institutional backing across the Gulf and beyond.
With this issuance, QIB reinforces its funding base while capitalizing on firm demand for high-grade Islamic paper in a market where yield, stability, and Shariah-compliant structures continue to intersect.
