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Pakistan Secures $1bn Syndicated Financing Led by Dubai Islamic Bank
July 9, 2025
Dubai Islamic Bank has arranged a landmark $1bn syndicated term-finance facility for the Government of Pakistan, marking the country’s return to Islamic term financing markets after more than two years. The five-year facility has a Policy-Based Guarantee (PBG) from the Asian Development Bank (ADB) and is the first of its kind for the nation. The Islamic tranche, structured as an AAOIFI-compliant Commodity Murabaha, accounts for about 89% of the total facility. It reflects strong demand for Shariah-compliant funding and aligning with Pakistan’s strategy to expand Islamic finance, as per sources.
Pakistan Finance Minister Muhammad Aurangzeb said that the deal not only underscores the strong confidence of financial institutions in Pakistan’s economic trajectory but also expands access to innovative and Shariah-compliant funding solutions. DIB officials said the deal demonstrates how Sharia-compliant financing can be scaled to meet sovereign objectives while maintaining partnership and prudence.
Pakistan’s 7.95% sukuk due 2029 is trading at 97.03, yielding 8.94%.
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