Nasdaq Dubai has welcomed three sukuk issued by the Republic of Indonesia totalling $2.35 billion under its $35 billion Trust Certificate Issuance Programme.
The issued sukuk include $750 million Trust Certificates due 2029, $1 billion Trust Certificates due 2034, and $600 million Green Sukuk due 2054.
These new listings enhance Dubai’s position as the leading global centre for Sukuk listings, now totalling $96.39 billion. The listing also affirms Indonesia’s status as a prominent Sukuk issuer on Nasdaq Dubai, with 20 listings totalling $24.1 billion.
“This transaction attracts interest from diverse investor types and geography, showcasing robust investment appetite and market confidence for Indonesia given the Republic’s strong economic fundamentals,” said Husin Bagis, Ambassador of the Republic of Indonesia to the UAE.
Hamed Ali, CEO of Nasdaq and Dubai Financial Markets (DFM) added, “These listings not only highlight the importance of Dubai as a hub for Islamic finance but also strengthen the economic ties between the UAE and Indonesia.”
The total debt listed on Nasdaq Dubai reaches $134.1 billion, with Sukuk comprising $93.89 billion. Nasdaq Dubai also leads in ESG-related listings, with green issuances amounting to $19.7 billion out of the $29.75 billion ESG-related issuances.
