Indonesia lists $2bn green sukuk on Nasdaq Dubai

Nasdaq Dubai welcomed the listing on Wednesday of two green sukuk by the government of Indonesia, one valued at $1.25 billion and the other at $750 million.

The listings underline the close relations between the UAE and Indonesia, the world’s most populous Muslim country, as well as Dubai’s growth as the global capital of the Islamic Economy, the bourse said in a statement.

Capital raised by the sukuk is intended for projects including sustainable development initiatives.

The Indonesian government is the largest sukuk issuer on Nasdaq Dubai by both value and number of listings, with securities now totalling $16.5 billion from 12 issuances.

The total value of all sukuk listed on Dubai’s exchanges has now reached $63.14 billion, the largest amount of any listing centre in the world.