Islamic Development Bank aims to sell $1bln green sukuk in 2018
Largest development organisation in the Muslim world is aiming to issue a benchmark-sized green sukuk this year to finance renewable energy projects
LONDON: The Islamic Development Bank (IDB), the largest development organisation in the Muslim world, is aiming to issue a benchmark-sized green sukuk this year to finance renewable energy projects, the bank’s vice president said on Monday.
“Our objective would be to get a benchmark, so a billion U.S. dollars, but the projects may not be that size … we may just do a smaller one,” Zamir Iqbal, vice president finance and chief financial officer of the IDB, told Reuters on the sidelines of a conference at the London Stock Exchange.
“I hope it will be this year,” he said, adding the bank was looking at renewable energy projects in Morocco and Turkey.
(Reporting by Karin Strohecker) ((mailto:email@example.com; +442075427262; Reuters Messaging: rm://firstname.lastname@example.org))
You can adjust all of your cookie settings by navigating the tabs on the left hand side.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.