Nasdaq Dubai has welcomed two new Sukuk listings by the Republic of Indonesia, admitted under its US$45 billion Trust Certificate Issuance Programme. The dual-tranche issuance, valued at US$2.2 billion, further strengthens Indonesia’s position as the largest sovereign Sukuk issuer on the exchange.
The listings include a US$1.1 billion 4.55% trust certificate due in 2030 and a US$1.1 billion 5.20% green trust certificate due in 2035, reflecting Indonesia’s continued commitment to sustainable financing. With this admission, Indonesia’s outstanding Sukuk listings on Nasdaq Dubai have reached US$24.05 billion across 21 issuances, making it the largest sovereign Sukuk portfolio on the exchange.
Overall, Nasdaq Dubai’s Sukuk market has now grown to US$98.6 billion, comprising more than 100 listings from sovereign, supranational, and corporate issuers worldwide. To mark the occasion, Husin Bagis, Ambassador of the Republic of Indonesia to the UAE, rang the market-opening bell at Nasdaq Dubai, accompanied by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
Husin Bagis said: “Today’s Sukuk issuance demonstrates Indonesia’s strong economic fundamentals and our nation’s growing role in the global financial market. It also highlights Indonesia’s commitment to sustainable development, ensuring that financing for growth is aligned with protecting the environment for future generations.
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