NBAD global sukuk issuance at $3.9b in first quarter

National Bank of Abu Dhabi managed around $3.9 billion (Dh14.3 billion) of international Sukuk issuance in the first quarter of 2015, representing about 69 per cent of the global market by value. In the first three months of 2015, NBAD worked on four major deals. In addition to acting as a bookrunner on the UKEF-backed Sukuk closed by Emirates Airlines, the Bank also acted as Joint Bookrunner on International Sukuk issuances by Dubai Islamic Bank, Islamic Development Bank and the Government of Ras Al Khaimah.