Nasdaq Dubai, the region’s leading international financial exchange, today announced the admission of USD 1.25 billion Sukuk by the Islamic Development Bank (IsDB), a multi-lateral development bank.
The 5-year Sukuk is part of IsDB's USD 25 billion Trust Certificate Issuance Programme, dedicated to financing sustainable development projects across IsDB’s 57 member countries. The Bank, rated AAA with a Stable Outlook by Moody’s, S&P, and Fitch issued the Sukuk at par with a profit rate of 4.047%, payable semi-annually. This is IsDB’s second benchmark public Sukuk issuance of the year.
The listing further cements IsDB’s position as one of the largest Sukuk issuers on Nasdaq Dubai, bringing the current total outstanding value of IsDB's Sukuk listings on the exchange to USD 15.48 billion.
With a total Sukuk listing value of USD 92 billion, including this latest issuance, Nasdaq Dubai continues to strengthen its standing as one of the world’s leading Sukuk listing venues. The new issuances reiterate the exchange’s commitment to strengthening the Islamic finance sector by providing a robust platform that supports institutions in raising responsible capital, fostering sustainable growth and development across the region.
