QNB Capital wins three IFN awards, reinforcing its position in Islamic debt capital markets
<p>Doha, Qatar: QNB Capital, the investment banking arm of QNB Group, has won three Islamic Finance News (IFN) Deal of the Year 2025 awards, recognising its contribution to two landmark sukuk transactions in Qatar and Kuwait.</p> <p>The investment bank received the IFN Qatar Deal of the Year 2025 award for its role as a joint lead manager in the State of Qatar’s $3bn sukuk issuance. It also…
Doha, Qatar - QNB Capital, the investment banking division of QNB Group, has been honored with three Islamic Finance News (IFN) Deal of the Year 2025 awards, solidifying its prominent role in Islamic debt capital markets. The investment bank was recognized as the joint lead manager in two significant sukuk transactions in Qatar and Kuwait.
The IFN Qatar Deal of the Year 2025 award honored QNB Capital's role in the State of Qatar's $3bn sukuk issuance. Additionally, the IFN Kuwait Deal of the Year 2025 and IFN Regulatory Deal of the Year 2025 awards acknowledged the bank's involvement in Kuwait International Bank's $300m Tier II sustainable sukuk. This recognition comes as the global sukuk market continues to expand, with global issuance reaching $264.8bn in 2025, a 12.7% increase from the previous year.
The State of Qatar's 10-year sukuk issuance, the country's return to the international sukuk market after a 13-year absence, attracted over $12bn in global investor demand, underscoring strong international confidence in Qatar's credit profile and the market's appetite for high-quality Sharia-compliant instruments. QNB Capital's Chief Executive Officer, Mira Al-Attiyah, commented on the recognition, stating that these awards reflect the confidence that sovereign and financial institution clients place in the firm.
Kuwait International Bank's Tier II sustainable sukuk issuance, marking Kuwait's first of its kind, also garnered attention, with an order book exceeding $2bn reflecting the strong global investor demand. The proceeds from the transaction will be allocated to eligible sustainable projects under the bank's Sustainable Finance Framework, bolstering its funding sources and regulatory capital position.
The three IFN Deal of the Year awards highlight QNB Capital's extensive capabilities in sovereign and financial institution transactions, demonstrating the firm's capacity to execute intricate Sharia-compliant financing solutions that cater to evolving funding, regulatory, and sustainability priorities across regional markets. The IFN Deal of the Year awards recognize the most notable transactions in the global Islamic finance industry, taking into account factors such as innovation, structure, market impact, and execution.
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