AlRayan Bank – Islamic Banking in Qatar

Credentials & Awards

Key Transactions and Awards

The awards won by ARI are a result of competitive processes, judged by independent industry experts

Cambridge

2025 - Best Emerging Sukuk Fund Manager

2025 - Best Islamic Fund in Qatar

MEED

2025 - Best Equity Manager - MENA Banking Excellence

IFN Awards - Deals of the Year

2024 - Qatar Deal of the Year (Estithmar Holdings Debut Sukuk)

Global Investor Group MENA Awards

2022 - Qatar Manager of the Year

2022 - MENA ETF Manager of the Year

2022 - MENA Sharia Manager of the Year

2021 - Qatar Asset Manager of the Year

2021 - ETF Provider of the Year

2020 - Qatar Asset Manager of the Year

2020 - Sharia Fund Manager of the Year

2020 - ETF Provider of the Year

MENA Fund Manager Performance Awards

2020 - Qatar Asset Manager of the Year

Successfully closed more than $8 billion of advisory deals, including capital markets transactions

Debt Capital Markets

Estithmar

QAR 105m 8.75% 2027

Senior Unsecured Sukuk Tap

Sole Arranger & Bookrunner

2026

Al Rayan Bank

QAR 500m 4.25% 2028

Senior Unsecured Green Sukuk Issuance

Joint Lead Manager & Bookrunner

2025

QIIB

QAR 500m 4.40% 2028

Senior Unsecured Sukuk Issuance

Joint Lead Manager & Bookrunner

2025

State of Qatar

$ 3bn 4.25% 2035

Senior Unsecured Sukuk Issuance

Joint Lead Manager & Bookrunner

2025

ICD

$ 500m 4.39% 2030

Senior Unsecured Sukuk Issuance

Joint Lead Manager & Bookrunner

2025

Dar Al Arkan

$ 750m 7.25% 2030

Senior Unsecured Sukuk Issuance

Joint Lead Manager & Bookrunner

2025

QIIB

$ 500m 4.50% 2030

Senior Unsecured Sukuk Issuance

Joint Lead Manager & Bookrunner

2025

Al Rayan Bank

$ 500m 4.88% 2030

Senior Unsecured Green Sukuk Issuance

Joint Lead Manager & Bookrunner

2025

Estithmar

QAR 145m 8.75% 2027

Senior Unsecured Sukuk Tap

Joint Lead Arranger & Joint Bookrunner

2024

Dukhan Bank

$ 800m 4.56% 2029

Senior Unsecured Sukuk Issuance

Joint Lead Manager & Joint Bookrunner

2024

Estithmar

QAR 500m 8.75% 2027 / QAR 3.4bn

Senior Unsecured Sukuk Issuance / Programme

Joint Lead Arranger & Bookrunner

2024

Warba Bank

$ 500m 5.35% 2029

Senior Unsecured Green Sukuk Issuance

Joint Lead Manager & Joint Bookrunner

2024

ICD

$ 500m 4.95% 2029

Senior Unsecured Sukuk Issuance

Joint Lead Manager & Joint Bookrunner

2024

QIIB

$ 300m 5.34% nc2029

Perpetual Subordinated Sukuk Issuance

Joint Lead Manager & Joint Bookrunner

2024

Air Lease Corporation

$ 600m 5.85% 2028

Senior Unsecured Sukuk Issuance

Joint Lead Manager & Joint Bookrunner

2023

* QFMA approval received, however the transaction was cancelled by shareholder vote

Equity Capital Markets

Confidential

Project Oran

c. QAR 1bn

Rights Issue (Consumer)

Sole Offering Manager

Ongoing

Confidential

Project Salwa

c. QAR 1.5bn

Listing (REIT)

Sole Listing Advisor

Ongoing

Confidential

Project Zurich

c. QAR 700m

Listing (Financial Services)

Sole Listing Advisor

2025*

Mazaya Real Estate

QAR 197m

Capital Reduction

Financial Advisor

2023

Lesha Bank

QAR 420m

Rights Issue

Sole Offering Manager

2022

Confidential

Project Vulcan

IPO (Diversified)

Sole Listing Advisor

Discontinued (2021)

Confidential

Project Blue

IPO (Consumer)

Sole Listing Advisor

Discontinued (2019)

Confidential

Project Rider

QAR 550m – 750m

IPO (Transportation)

Sole Offering Manager

Discontinued (2019)

AlRayan Qatar ETF

QAR 449m

Listing

Fund Manager

2018

Qatar First Bank

QAR 4.4bn

Listing

Sole Listing Advisor

2016

Gulf Warehousing

QAR 460m

Rights Issue

Sole Offering Manager

2015

M&A / Corporate Finance

Confidential

Project Muntazah

Strategic Advisory (Industrials)

Sole Financial Advisor

2025

Confidential

Project Ruby

Strategic Advisory (Consumer Goods)

Sole Financial Advisor

2022

Confidential

Project Covenant

Divestment (Engineering)

Sole Financial Advisor

Discontinued (2021)

Confidential

Project Stone

Strategic Advisory (Construction)

Sole Financial Advisor

2020

Confidential

Project Turbo

QAR 120m

Divestment (Automotive)

Sole Financial Advisor

2020

Confidential

Project Momentum

$ 100m

Cross-border Acquisition (Banking)

Sole Financial Advisor

Discontinued (2020)

Confidential

Project Azure

Acquisition (Real Estate)

Sole Financial Advisor

Discontinued (2020)

Confidential

Project Destiny

QAR 700m – 900m

Cross-border Acquisition

Sole Buy – Side Financial Advisor

Discontinued (2018)

Confidential

Project Vortex

QAR 1.5 – 1.7bn

Acquisition

Sole Buy – Side Financial Advisor

Discontinued (2018)

Al Rayan Bank

£ 100m

Acquisition of Islamic Bank of Britain

Sole Buy – Side Financial Advisor

2013

Al Meera

QAR 270m

Acquisition of Giant Stores

Sole Buy – Side Financial Advisor

2011