IsDB Raises $1.25 Billion Through Second Public Sukuk Issuance

The Islamic Development Bank (IsDB) raised $1.25 billion through its second public benchmark Sukuk issuance of the year. The bank will use the proceeds from the issuance for sustainable development projects in member countries.
The issuance aims to achieve social and economic growth in the 57 member countries and Islamic communities worldwide by supporting projects targeting poverty alleviation, climate action, food insecurity, and resilience building.
These initiatives align with the IsDB’s restructured strategy, focusing on green and resilient infrastructure and inclusive human development.
IsDB Vice President for Finance and Chief Financial Officer Dr. Zamir Iqbal expressed his pleasure at successfully executing another benchmark issuance in a challenging environment.
“This would not have been possible without the strong support from our member countries and investors. We would like to extend special thanks to the new investors who participated in the Islamic Development Bank’s Sukuk for the first time, and are now our partners in sustainable development worldwide,” he said.