Qatar Islamic Bank Q.P.S.C. announced that it has closed USD 750 million 5-year Sukuk with a profit rate of 1.95% per annum, which is equivalent to a credit spread of 155bps over the 5-year Mid Swap Rate. The transaction was executed under QIB's USD 4 billion Trust Certificate Issuance Programme which listed on Euronext Dublin. The profit rate achieved is the lowest ever paid by QIB on their fixed rate Sukuk issuances. This is QIB's second public issuance in 2020, having issued the first ever Formosa Sukuk earlier this year.