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Sukuk Database

Sukuk.com is a leading provider of in-depth coverage of issued Sukuk covering information on Issuers and Arrangers, as well as detailed Sukuk information covering everything from Coupon Rate to Credit Rating as well as other supporting documentation.

Al Baraka Perpetual

Summary
SPV Name:
ALBARAKA SUKUK LTD 

Notes:
Five times oversubscribed, receiving subscriptions of US$ 1.6 billion against the initial requirement of US$ 300 million. As a result of the high subscription, it was decided to raise the issue size from US$ 300 million to US$ 400 million.The Sukuk issue is an Additional Tier 1 Perpetual Sukuk that is compliant with Basel III as per the Central Bank of Bahrain rules. 


Profit rate:
7.875%
 
Download Documents:
 
Sukuk Details
Type:
Mudaraba 

Issue Size:
$400 million 

Currency:
USD 

Maturity:
 

Country of Issue:
Bahrain 

Tenor:
Perpetual 
Issue Date:
31 May 2017 
Sukuk Rating:
 
Exchanges:
Arrangers:
Advisors:
 
 
 
 

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