IsDB Issues New Successful Green Sukuk under Sustainable Finance Framework

The Islamic Development Bank (IsDB) has raised €500 million through its latest benchmark Green Sukuk issuance under its enhanced 2025 Sustainable Finance Framework.

 According to an IsDB press release, the latest Green Sukuk issuance, the bank’s second overall, marks a significant milestone in the EUR markets and positions the bank as a future frequent issuer in euros.

 The proceeds from the €500 million Green Sukuk issuance will be used to finance and refinance eligible projects with environmental benefits under the “Green Project Categories” as defined in the framework.

 IsDB Vice President Zamir Iqbal stated: “The work on the bank’s enhanced Sustainable Finance Framework reflects our commitment to further scaling up sustainable development in our member countries. The latest EUR Green Sukuk is a landmark achievement that demonstrates the bank’s impact and capabilities. One of the bank’s strongest credentials is the high level of investor interest, and we are grateful for their endorsement and continued confidence in the bank’s mission and its Sustainable Finance Framework.”