The first public Sukuk issuance from IsDB in 2022 strengthens its position as the largest supranational institution issuing Sukuk on Nasdaq Dubai with a total value of US$ 18.04 billion currently listed through 13 issuances.
The Bank successfully priced the 5-year Trust Certificates at par with a profit rate of 3.213%, payable on a semi-annual basis.
The new listing also brings the total value of Sukuk listed in Dubai to US$ 77.5 billion, strengthening Dubai’s status as one of the largest Sukuk listing centres globally.
The proceeds of the issuance will be used to finance projects under the development mandate of the Bank.
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