The IILM Primary Dealers
Primary Dealers
The IILM’s Primary Dealers are selected financial institutions authorised to participate in the issuance and distribution of the organisation’s Shariah-compliant financial instruments. They play a crucial role in market-making, ensuring liquidity, and facilitating the efficient trading of IILM securities in the financial markets.
Abu Dhabi Islamic Bank
ADIB is a leading bank in the UAE and the 4th largest Islamic bank globally by assets. Headquartered and listed in Abu Dhabi, ADIB was incorporated in 1997 to serve as the first Islamic bank in the Emirate of Abu Dhabi. Over the last two decades, ADIB has demonstrated a consistent track record of growth with assets now totaling USD 39 billion. The bank currently serves more than 1 million customers through a balanced proposition that combines a highly-personalised customer experience with world-class digital banking services.
Affin Islamic Bank Berhad
Affin Islamic Bank Berhad (AFFIN ISLAMIC) a wholly-owned subsidiary of Affin Bank Berhad (AFFIN BANK) was incorporated on 13 September 2005 and officially operates as a standalone Islamic bank with effect from 1 April 2006. As a full-fledged Islamic bank, AFFIN ISLAMIC offers a complete range of Islamic Banking products and services to Small Medium Enterprises (SMEs), Institutional, Retail and Corporate customers. AFFIN ISLAMIC has been at the forefront of introducing innovative and Shariah compliant products which adopts variety of Shariah concepts ranging from Musharakah Mutanaqisah, Mudarabah, Istisna, Ijarah, Murabahah and others.
Al Baraka Turk
As Albaraka Türk Participation Bank was founded in 1984 by pioneering interest-free banking in Turkey and began actively serving in 1985. Having founded under the guidance of the strong capital groups in the Middle East, Al Baraka Group B.S.C.(c), Islamic Development Bank (IDB) and another industry group serving the Turkish economy for more than a half century, Al Baraka Turk continues operating in Turkey in compliance with the 5411 Banking Law. As of 31.12.2023, Albaraka Group B.S.C.(c)’s share in Al Baraka Turk’s shareholding structure is 45.09% and Dallah Al Baraka Holding’s share is 8.3%. The Bank’s shares are traded on Borsa Istanbul.
Dukhan Bank
Dukhan Bank is Qatar’s bank of choice, helping people make better everyday choices through innovative banking experiences. A culmination of the successful merger between Barwa Bank and International Bank of Qatar in 2019, Dukhan Bank emerges as one of the largest Shari’ah compliant banking institutions in the country, leveraging the expertise and combined synergies of two leading financial players under one institution. Today, Dukhan Bank operates a wide-spread network of branches providing its robust customer base of over 150,000 customers with a range of financial services. Powered by strong infrastructure, technology-led solutions, and highly skilled personnel, Dukhan Bank is at the forefront of the industry as one of the leaders in the Qatari market.
Boubyan Bank
Boubyan Bank is a leading Islamic bank based in Kuwait, renowned for its excellence and dedication to customer service and its market leadership in innovation. Boubyan provides retail banking, corporate banking and wealth management services in accordance with provisions of the Noble Islamic Sharia. The Banking group is further comprised of four subsidiaries providing banking, investment and asset management, takaful insurance and property management activities.
CIMB Islamic Bank Berhad
CIMB Islamic Bank Berhad (“CIMB Islamic”), licensed under Malaysia’s Islamic Financial Services Act 2013, is the main operating entity of CIMB Group’s global Islamic banking and finance franchise. It offers Shariah-compliant products and services to CIMB Group’s Consumer Banking, Commercial Banking, Wholesale Banking and Asset Management Businesses.
CIMB Islamic’s services, products and operations comply strictly with global Shariah principles and standards under the guidance of the CIMB Islamic Board Shariah Committee, which comprises world renowned Shariah experts and scholars. CIMB Islamic provides comprehensive and innovative Shariah-compliant financial products and services to meet the needs of individuals, small and medium scale enterprises, as well as large institutional customers.
First Abu Dhabi Bank
FAB, the UAE’s largest bank and one of the world’s largest and safest institutions, offers an extensive range of tailor-made solutions, and products and services, to provide a customised experience. Headquartered in Abu Dhabi in Khalifa Business Park, the bank’s international network spans five continents, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience, and will support the growth ambitions of its stakeholders across countries in which the bank operates.
Kuwait Finance House
Kuwait Finance House (KFH) is considered a pioneer in the banking phenomenon known as Islamic Finance or Shari’a Compliant Banking. KFH is the first Islamic bank established in 1977 in the State of Kuwait and today it’s one of the foremost Islamic financial institutions in the world.
KFH has steadily managed to expand its business and achievements to lead the Islamic banking industry and become a pioneer financial establishment, not only in the Islamic banking industry, but also in the banking sector as a whole, besides being one of the biggest lenders in both the local and regional markets.
Maybank Islamic Berhad
Maybank Islamic Berhad, the Islamic banking arm of the Maybank Group, is the leading provider of Islamic financial products and services in ASEAN. As one of the industry’s global leaders, Maybank Islamic spearheads the Islamic banking and finance industry through cross-border business in retail and investment banking and the development of new, innovative and competitive propositions. It offers a wide range of products and services across more than 354 Maybank touch points in Malaysia, as well as international operations in Dubai, Indonesia, Singapore, Hong Kong, London and Labuan.
Qatar Islamic Bank
Established in 1982 as Qatar’s first Islamic financial institution, Qatar Islamic Bank (QIB) is the largest Private Bank in the country, with 23 branches, more than 170 ATMs and around 36% of the total assets of domestic Sharia-compliant banks. Rated AA- by Capital Intelligence (CI), A1 by Moody’s and A by Fitch. QIB is also the second largest of all banks in Qatar, with a market share of 10% of assets, financing and deposits. QIB conducts its domestic business through a modern branch network spread throughout Qatar, with key branches featuring distinctive centers with specialized relationship managers, focused on servicing specific customer segments: Private Banking Centers, Affluent Banking Centers, as well as Ladies only Banking Centers.
Standard Chartered Bank
Standard Chartered is a leading international banking group with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. The Bank’s purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.
Market Ranking
Every year, the IILM recognises its top Primary Dealers in both the primary and secondary markets. The IILM’s achievements are made possible by the dedication and commitment of its Primary Dealers in distributing its short-term Sukuk to a diversified network of global investors in search of stable and reliable sources of high-quality liquidity management instruments.
TOP 10 PRIMARY DEALER RANKING IN 2023
PRIMARY MARKET
The 2023 ranking below is based on the total allocated amount at primary level in 2023, namely a total of 36 Sukūk issued for a total volume of USD 11.52 billion.
Kuwait Finance House
First Abu Dhabi Bank
Boubyan Bank
TOP 3 PRIMARY DEALER RANKING IN 2023
SECONDARY MARKET
The ranking below is based on the total trading volume of USD 3.26 billion in 2023 on the secondary market.