Serrari Group

Nasdaq Dubai is thrilled to announce the listing of three new Sukuk issuances from Indonesia, totaling an impressive $2.35 billion. This addition bolsters Dubai’s position as the top global hub for Sukuk listings, bringing the total value of Sukuk on the exchange to $96.39 billion.

These Sukuk issuances, part of Indonesia’s $35 billion Trust Certificate Issuance Programme, include:

  • $750 million Trust Certificates due 2029
  • $1 billion Trust Certificates due 2034
  • $600 million Green Trust Certificates due 2054

This achievement highlights Indonesia’s growing presence in the Sukuk market, now with $24.1 billion across 20 listings on Nasdaq Dubai. The Green Sukuk tranche, in particular, emphasizes Indonesia’s dedication to sustainable financing and tackling climate change.

Celebrating Economic Partnership

To mark this occasion, a special market opening bell ceremony was held. Husin Bagis, the Ambassador of the Republic of Indonesia to the UAE, and Eko NM Saputro, Finance Attaché at the Indonesian Embassy in Abu Dhabi, joined Hamed Ali, CEO of Nasdaq Dubai and DFM, for the celebration.

Ambassador Bagis expressed his delight, saying, “We are pleased with the listing of these new Sukuk series. The transaction has attracted a diverse range of investors, reflecting strong confidence in Indonesia’s economic fundamentals. The Green Sukuk tranche, in particular, showcases our commitment to sustainable financing.”

Hamed Ali highlighted the importance of these listings for Dubai’s Islamic finance sector, adding, “Indonesia’s Sukuk on Nasdaq Dubai underscores our role as a major hub for Islamic finance. It also strengthens the economic ties between the UAE and Indonesia and showcases the confidence global investors have in our market.”

Nasdaq Dubai’s Leading Role in Islamic and Green Finance

The total value of debt listed on Nasdaq Dubai has now reached $134.1 billion, with Sukuk contributing $93.89 billion. The exchange continues to lead in ESG-related listings, with green issuances totaling $19.7 billion out of $29.75 billion in ESG-related listings.

The successful listing of Indonesia’s Sukuk on Nasdaq Dubai reaffirms the exchange’s commitment to providing a robust platform for both issuers and investors, supporting the growth of Islamic and green finance globally.

Photo source: Google

By: Montel Kamau

Serrari Financial Analyst

11tth July, 2024

Share this article:
Article and News Disclaimer

The information provided on www.serrarigroup.com is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

www.serrarigroup.com is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will www.serrarigroup.com be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on www.serrarigroup.com reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on www.serrarigroup.com may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, www.serrarigroup.com takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using www.serrarigroup.com, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website.

www.serrarigroup.com, reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023

 

×