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Subjects / Liquidity

Newsletter December 2012: Basel III-compliant sukuk blazes a trail

Simon Turmaine | December 12, 2012

LONDON – The successful launch of the world's first hybrid Tier 1 sukuk (Islamic bond) from Abu Dhabi Islamic Bank (ADIB) has blazed a trail for other banks in the Middle East and Asia that want to boost their capital to comply with the Basel III global standard. The unique structure of the ADIB’s early November issue means that it both conforms to the strict Basel III requirements and is a Shari’ah-compliant sukuk, according to experts.

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