Nasdaq Dubai Increases Its Sukuk Exposure with the Listing of Indonesia’s USD 2.5 Billion Sukuk

July 02, 2020 | Updated at July 03, 2020

According to the Dubai Media Office, the Government of Indonesia has listed three Sukuk worth USD 2.5 billion on the Nasdaq Dubai. The Sukuk catered to international investors across Asia and the Middle East. Funds raised will be used to fund economic and social development in Indonesia.

According to the IslamicMarkets Sukuk Monitor, the three Sukuk include a USD 1 billion ten-year Sukuk, a USD 750 million five-year green Sukuk, and a USD 750 million thirty-year Sukuk. Media reports state that the green Sukuk has been earmarked for sustainable development projects. The Sukuk, which was issued on the 23rd of June 2020, received a final rating of BBB by Fitch Ratings.

According to Abdul W...