Dubai, 21March 2025: Emirates Islamic, one of the leading Islamic financial institutions in the UAE,has successfully issued a USD 750 million Senior Unsecured Sukuk on 18th March 2025. This latest landmark issue supports the Bank’s strategic growth journey as well as continued progress of the Islamic finance industry.

The Sukuk attracted a very strong order book in excess of USD 1.6 billion, resulting in a 2.1 times oversubscription rate. The strong investor demand allowed the Bank to tighten the spread by 30 basis points from initial price thoughts, to 95 basis points over 5-Year US Treasuries, equating to a coupon of 5.059% per annum. 

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Emirates Islamic launches QuickRemit money transfer service to the United Kingdom

• Funds can be transferred via the Bank’s mobile app to any UK bank in less than 1 hourat zero remittance fees and competitive rates

• QuickRemit transfers to Lloyds Bank accounts take only 60 seconds

Dubai, 04 January2024:Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced that its 60-second online fund transfer service ‘QuickRemit’ is now available for remittances to the United Kingdom.

Emirates Islamic customers will be able to conduct QuickRemit transfers to any Lloyds Bank account in the UK in less than 60 seconds, and transfers to other UK banks within one hour. Lloyds Bank is one of the UK’s leading banks with over 500 branches across England and Wales.

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