FAB Sukuk Company, a unit of First Abu Dhabi Bank (FAB), has finalized pricing for its $600 million five-year sukuk, set to be issued on the London Stock Exchange next week.

The sukuk, part of a $5 billion trust certificate program, has seen strong interest, with an order book reaching $1.2 billion. The profit rate for the issuance has been set at 5.153%.

The sukuk will officially debut on January 16, continuing FAB Sukuk Company’s efforts to leverage global financial markets. FAB, the UAE’s largest lender and listed on Abu Dhabi’s stock exchange, remains focused on expanding its Islamic finance offerings.

According to ZAWYA, this latest issuance highlights the growing demand for sukuk instruments and reinforces FAB’s leadership in the sector.