SIB Tier 1 Sukuk Company is a financial institution based in Bahrain, established to provide innovative funding solutions compliant with Islamic finance principles. The company specializes in issuing Sukuk, which are Sharia-compliant investment certificates, thus offering investors a means to engage in ethical investments.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SIB 5.00% Perpetual USDSIB Tier 1 Sukuk Company | Cayman Islands | Perpetual | 5.000 | 7.21 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, SIB Tier 1 Sukuk Company has been active in the Sukuk market, launching its first issuance in 2016, which set a precedent for future offerings. Noteworthy issuances include a significant $500 million Sukuk in 2021, aimed at supporting sustainable development projects, which attracted a diverse investor base and yielded competitive returns compared to industry benchmarks. Furthermore, the company has adjusted its offerings to current market conditions, incorporating features like sustainability-linked terms in recent Sukuk to align with investor preferences for responsible investing.