Dar Al-Athar Al-Islamiyyah successfully issued $1 billion in senior unsecured Sukuk, attracting significant investor interest and underscoring its strong market position in the Islamic banking sector.

Information on the Target

Dar Al-Athar Al-Islamiyyah (DAI) is a prominent financial institution in Kuwait, renowned for its pioneering role in Islamic banking. Established in 1977, it is recognized as the first Islamic bank in the country and has since grown to become one of the largest and most successful Islamic banks globally. Dar Al-Athar combines traditional banking principles with modern financial solutions, catering to a diverse clientele, including individuals and corporations seeking Sharia-compliant financial products.

Industry Overview in Kuwait

The banking sector in Kuwait has been witnessing steady growth due to its robust economy and progressive regulatory environment. With the increasing demand for Islamic finance products, banks like Dar Al-Athar have positioned themselves strategically to capture significant market share. The rise in awareness about ethical banking practices has further fueled the growth of Islamic financial services, making Kuwait a hub for such innovations in the Gulf region.

Moreover, the Kuwaiti government has been promoting initiatives to enhance financial literacy and encourage investment through various financial instruments, including Sukuk (Islamic bonds