Ras Al Khaimah Secures Landmark US$1 Billion Sukuk at 5.038% Profit Rate

 

Ras Al Khaimah, one of the seven emirates of the United Arab Emirates (UAE), has successfully issued a 10-year senior unsecured sukuk worth US$1 billion at a profit rate of 5.038%. The issuance, completed on March 5, 2025, was conducted through the Investment and Development Office (IDO) of Ras Al Khaimah, marking a significant milestone in the emirate’s economic and financial strategy.


A Major Step for Ras Al Khaimah’s Economic Vision


The successful issuance of the sukuk underscores Ras Al Khaimah’s strong credit profile and investor confidence in its long-term economic stability. The proceeds from the sukuk are expected to be utilized for strategic investments and infrastructure projects that align with the emirate’s broader development goals.


His Highness Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, has consistently emphasized the importance of sustainable growth and economic diversification. The sukuk issuance aligns with these objectives, enabling the emirate to fund critical projects while maintaining fiscal discipline.


Strong Market Demand for the Sukuk


The US$1 billion sukuk issuance witnessed strong demand from global investors, reflecting the credibility and financial strength of Ras Al Khaimah. The profit rate of 5.038% is competitive, particularly given the current global economic landscape. Investors from the Middle East, Asia, Europe, and the United States participated in the offering, demonstrating international confidence in the emirate’s economic trajectory.


What This Means for Ras Al Khaimah


Enhanced Economic Growth – The funds raised will support key infrastructure, real estate, and tourism projects that drive economic expansion.


Increased Global Investor Confidence – The oversubscription of the sukuk highlights strong trust in Ras Al Khaimah’s financial stability.


Strengthened Financial Position – The successful issuance allows the emirate to diversify its financial resources and reinforce its long-term fiscal sustainability.


Expansion of Islamic Finance – By issuing a sukuk instead of conventional bonds, Ras Al Khaimah continues to support the growth of the global Islamic finance sector.


Ras Al Khaimah’s US$1 billion sukuk issuance at a profit rate of 5.038% represents a strategic move in its ongoing economic development journey. With strong investor confidence and a clear vision for the future, the emirate continues to position itself as a key player in the regional and global financial markets. As Ras Al Khaimah moves forward with its ambitious plans, this landmark sukuk issuance sets the stage for further economic advancements and sustainable growth.

Comments

Post a Comment

Popular posts from this blog

WHAT DINA THINKS: Insights into UAE Leaders by British Author Graeme Wilson

Image
In a world often shrouded in secrecy, British author Graeme Wilson brings forth a collection of untold stories shedding light on the remarkable endeavors of the UAE's visionary leaders. With over three decades of residing in the UAE and a prolific literary career spanning 50 books, including numerous biographies of global figures, Wilson is uniquely positioned to unveil narratives that transcend borders. Wilson's latest revelations center around the transformative impact of the late Sheikh Zayed bin Sultan Al Nahyan and late Sheikh Rashid bin Saeed Al Maktoum, whose vision laid the foundation for the UAE's meteoric rise. However, it's not just the past leaders who captivate Wilson's attention; his insights extend to the contemporary figures shaping the nation's destiny. At the forefront is the dynamic duo of President Sheikh Khalifa bin Zayed Al Nahyan and Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, whose initiatives reso...
Read more

WHAT DINA THINKS: Unexpected Downpour, Dubai Malls Transform into Water Wonderland

Image
Heavy rains recently turned the bustling malls of Dubai into unexpected water playgrounds, leaving visitors astonished as water cascaded through ceilings, disrupting regular operations and causing minor flooding in some areas. Videos circulating on social media captured the surreal scenes as water splashed at the feet of surprised shoppers, turning ordinary mall visits into unforgettable experiences. The unexpected downpour transformed the sleek interiors of Dubai's malls into temporary water wonderlands, showcasing the city's resilience in the face of nature's whims. The unprecedented event prompted a swift response from mall management, with the group issuing statements acknowledging the disruptions to regular operations. Despite the challenges posed by the sudden influx of water, mall staff worked diligently to ensure the safety of visitors and mitigate the impact of the flooding. While such occurrences may be rare, they serve as a reminder of the dynamic relationship be...
Read more

WHAT DINA THINKS: Dubai Floods, Residents Rescued by Kayaks as Water Levels Rise in Community

Image
As water levels slowly recede across central Dubai after Tuesday's record-level rainfall, one neighborhood finds itself in a dire situation, turning the situation harrowing in the last few hours. In the gated sub-communities of Arabella 1 and 2, in Mudon, residents have been forced to evacuate their homes and rescued using kayaks, inflatable boats, and makeshift rafts. Trucks meant to pump out water and security vehicles could not reach the neighborhood due to the high water levels, leaving residents stranded amidst rising floodwaters. For those without access to such rescue boats, wading through waist-deep, foul-smelling water while carrying children was the only way out to safety. The scenes unfolding in Arabella 1 and 2 paint a stark picture of the challenges faced by residents during times of extreme weather events. Despite the adversity, the spirit of community and resilience shines through as neighbors come together to assist one another in evacuation efforts. While the immed...
Read more