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Nasdaq Dubai Welcomes Indonesia's New USD 2.35 Billion Sukuk Issuances

Photo : Dubai Government Media Office

Nasdaq Dubai celebrated the listing of three Sukuk issuances by the Republic of Indonesia, totaling USD 2.35 billion under its USD 35 billion Trust Certificate Issuance Programme. This move reinforces Dubai's position as the premier global center for Sukuk listings, boasting a cumulative value of USD 96.39 billion. It also underscores the growing bilateral ties between Dubai and Indonesia.

The newly listed Sukuk include USD 750 million Trust Certificates maturing in 2029, USD 1 billion Trust Certificates maturing in 2034, and USD 600 million Green Sukuk maturing in 2054. These listings enhance Indonesia's status as a key Sukuk issuer on Nasdaq Dubai, with a total of 20 listings amounting to USD 24.1 billion.

With a total debt value of USD 134.1 billion listed on Nasdaq Dubai, Sukuk alone constitute USD 93.89 billion. Nasdaq Dubai continues to lead in environmental, social, and governance (ESG) related listings, with green issuances totaling USD 19.7 billion out of the USD 29.75 billion in ESG-related issuances.

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To mark the occasion, H.E. Husin Bagis, Ambassador of Indonesia to the UAE, and Mr. Eko NM Saputro, Finance Attache at the Indonesian Embassy in Abu Dhabi, joined Hamed Ali, CEO of Nasdaq Dubai and DFM, in ringing the market opening bell. Ambassador Bagis emphasized the significance of these listings in attracting diverse global investors, reflecting confidence in Indonesia's robust economic fundamentals and its commitment to sustainable financing, particularly highlighted by the 30-year Green Sukuk.

Hamed Ali highlighted the importance of Indonesia's Sukuk listings for Dubai's Islamic finance hub and its broader economic ties with the UAE. The strong investor demand underscores Nasdaq Dubai's role in providing a resilient platform for issuers and investors alike, reinforcing confidence in the market's integrity and efficiency.

July 10, 2024 3:49 p.m. 532

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