Indonesia intends to use the proceeds from the Sukuk for a variety of projects with an emphasis on sustainable development.
Monday 27, May 2019 BY KUDAKWASHE MUZORIWA
Indonesia has listed its $2 billion green Sukuk on Nasdaq Dubai, making the Indonesian government the largest Sukuk issuer by value on the exchange with $15 billion from 11 issuances.
HE Husin Bagis, the Indonesian ambassador to the UAE, said, “Our two Sukuk were very well received by investors, reflecting the growing reach and importance of the Islamic capital markets in Muslim countries and globally.
Nasdaq stated that Indonesia issued two green Sukuk, one valued at $1.25 billion and the other $750 million.
HE Essa Kazim, the Governor of DIFC, Secretary General of Dubai Islamic Economy Development Centre and Chairman of Dubai Financial Market, said, “We are delighted to partner with Indonesia to maintain the growth of the Islamic finance markets for the benefit of all participants and the wider economy.