Dubai – Mubasher: Nasdaq Dubai on Wednesday announced welcoming the listing of two green sukuk issues by the government of Indonesia, the largest sukuk issuer on the Middle East’s international stock exchange by both value and number of listings.

The first issue valued at $1.25 billion, while the second amounted to $750 million, Nasdaq Dubai reported.

The listing reflects the close relations between the UAE and Indonesia, the world’s most populous Muslim country, in addition to Dubai’s growth as the global capital of the Islamic Economy.

The capital raised by green sukuk will be allocated for projects including sustainable development initiatives, the statement said.

The government has issued securities worth $16.5 billion from 12 issuances.

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

It is worth noting that the Indonesian government appointed Deutsche Bank, Dubai Islamic Bank, HSBC, Mandiri Securities and Maybank as arrangers and dealers for its last two sukuk.

Meanwhile, the Legal Advisers to the Issuer for the transaction were Clifford Chance and AZP Legal Consultants.