Nasdaq Dubai reaffirmed its pivotal role in the global Islamic finance landscape with the recent listing of three Sukuk valued at USD 2.35 billion issued by the Republic of Indonesia.
This move, part of Indonesia's USD 35 billion Trust Certificate Issuance Programme, bolsters Dubai's position as the world's foremost center for Sukuk listings, now totaling USD 96.39 billion.
The newly listed Sukuk comprise USD 750 million due in 2029, USD 1 billion due in 2034, and a USD 600 million Green Sukuk maturing in 2054. Indonesia, recognized as a leading Sukuk issuer on Nasdaq Dubai, now boasts 20 listings amounting to USD 24.1 billion, underscoring its prominent role in the global Islamic finance market.
H.E. Husin Bagis, Ambassador of Indonesia to the UAE, together with Mr. Eko NM Saputro of the Indonesian Embassy and Hamed Ali, CEO of Nasdaq Dubai and DFM, commemorated this milestone by ringing the market opening bell. Ambassador Bagis highlighted the diverse investor interest and global market confidence in Indonesia's robust economic fundamentals and commitment to sustainable finance, particularly evident in the 30-year Green Sukuk issuance aimed at mitigating climate change impacts.
Hamed Ali emphasized Nasdaq Dubai's commitment to providing a robust platform for Sukuk issuers and investors alike, fostering economic ties between the UAE and Indonesia. The successful listings underscore Dubai's appeal as a hub for Islamic finance and sustainable investment, with Nasdaq Dubai leading in ESG-related listings, including USD 19.7 billion of the USD 29.75 billion issued.
The listings not only celebrate financial collaboration but also deepen the economic bonds between Dubai and Indonesia, paving the way for future growth and investment opportunities in the global Islamic finance sector.
News Source: Dubai Media Office
