Islamic Development Bank

IDB Sukuk

Transforming investment. Transforming lives.

The Islamic Development Bank (IDB) is enhancing the size of its Medium Term Notes program (an issuance program of financial papers of a certain size registered with a regulator) from US$ 1.5 to US$ 3.5 billion. The IDB has arranged a dual listing of its issuance in UK and Malaysia. The IDB Sukuk will be issued under this program.

The IDB Sukuk is open to investors in most countries. Sovereign Wealth Funds, Central Banks, Pension Funds, Insurance Companies, Sukuk Funds and Investment Banks are main investors of the Sukuk. Funds raised will be used for financing projects mainly in the areas of infrastructure, agriculture and power sectors. The likely tenure of a Sukuk could be 5-7 years depending on market conditions.

The IDB utilizes the Sukuk funds for financing its medium- and long-term projects. For example, such financing has been provided for projects in Morocco, Egypt and Senegal. Further, IDB has also issued a 400 million Ringgit (US$ 120 million) Sukuk in local currency in Malaysia during 2008. Proceeds were used for funding of a toll road in Malaysia.

Find out about investing with the Islamic Development Bank.

For in-depth information about IDB capital markets programmes click here.


Watch our videos to see how our financing helps people around the world


  • Vision

    Vision

    Water

    Water

    Food

    Food

  • Poverty

    Poverty

    Infrastructure

    Infrastructure

    Electricity

    Electricity

  • Capacity

    Capacity

    Illiteracy

    Illiteracy

    Healthcare

    Healthcare