Emirates Islamic completes joint financing of $500 million

Emirates Islamic announced the successful completion of a joint term facility to finance commodities under the Murabaha system worth $500 million for a period of five years, noting that this facility witnessed wide demand from a number of leading banks around the world.
A statement issued today stated that the deal was completed at a competitive profit rate and was implemented within a standard time frame, reflecting high efficiency in disciplined implementation and smooth coordination between the various parties concerned.
The CEO of Emirates Islamic, Farid Al Mulla, said: “We are pleased to announce the successful completion of a joint term facility for financing commodities under the Murabaha system, which will enhance Emirates Islamic’s ability to grow strategically. This step also supports our move towards purposeful innovation, improving customer experience, and enabling us to achieve our financing targets.”
In turn, Executive Vice President of Emirates Islamic, Mohammed Kamran Wajid, said, “The completion of this five-year joint facility with an exceptional competitive profit rate, and amid strong demand from international banks, is clear evidence of the market’s confidence in the strength of Emirates Islamic’s financial position, the efficiency of its management and its strategic vision. This financing also strengthens the bank’s strong liquidity position, enabling us to continue supporting our partners and contributing to achieving a more prosperous future for the UAE.”
It is noteworthy that Emirates Islamic is a pioneering bank in integrating financing compatible with the provisions and principles of Islamic Sharia with sustainability practices, and this was evident in its issuance of the first sustainability-linked financing sukuks in the world in 2025.