Global Green and Sustainability Sukuk Issuance Reaches USD 4.4 Billion in the First Half of 2022
October 26, 2022 | Updated at October 26, 2022
The first half of 2022 saw a total of USD 4.4 billion in green and sustainability Sukuk issuance, accounting for 4% of all Sukuk issuance and 1% of environmental, social, and governance (ESG) bond issuance. This comes after a record-breaking annual issuance in 2021 of USD 6.1 billion, according to the Green and Sustainability Sukuk Report 2022: Financing a Sustainable Future by High-Level Working Group (HLWG).
Why it Matters?
The first green Sukuk, which raised USD 58 million, was issued five years ago in July 2017. During this time, green and sustainability Sukuk have advanced significantly and by the first half of 2022, the cumulative total issuance of these securities reached USD 21 billion, according to Mustafa Adil, Head of Islamic Finance, Data &...