Dubai Islamic Bank to boost capital through sukuk sale

Dubai Islamic Bank plans to boost its capital through a sharia-compliant debt instrument. Therefore, the bank will hold investor meetings in Asia, Middle East and Europe starting March 7 ahead of issuing the dollar-denominated, benchmark-sized hybrid sukuk, subject to market conditions. Benchmark-size is understood to be at least $500 million. The potential sale will be arranged by Emirates NBD , HSBC Holdings, National Bank of Abu Dhabi , Standard Chartered and the bank itself.