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

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« 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:karin.strohecker@thomsonreuters.com; +442075427262; Reuters Messaging: rm://karin.strohecker.reuters.com@reuters.net))

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