Shaheen Sukuk named "MEA Islamic Finance Deal of the Year"


The 12-year Sukuk backed by Islamic aviation assets issued in June 2018 by Natixis and Noor Bank, a leading Shari’a compliant Bank, has been named "Middle East & Africa Islamic Finance Deal of the Year" by Airline Economics, a reference publication. 

Meeting the needs of Islamic investors

The Sukuk is designed to provide Islamic investors with exposure to high yield US dollar-denominated real assets. It is a bespoke instrument designed to meet the specific needs of Islamic investors, enabling them to diversify into an otherwise unreachable asset class while also opening up a new source of funding for aviation borrowers. 

A first in Abu Dhabi Global Market

This transaction was a first as a Sukuk and aircraft asset-backed deal in ADGM (Abu Dhabi Global Market), where the special purpose company holding the underlying assets is incorporated.

Related articles

By visiting this website, you accept setting up cookies which are used for analytics purposes. We are all about protecting your privacy.