UAE – Mubasher: Nasdaq Dubai welcomed three Sukuk issued by Indonesia at a combined value of $2.35 billion, under its $35 billion Trust Certificate Issuance Programme.

The new listings reinforce Dubai's position as the world's leading centre for Sukuk listings, with a total value of $96.39 billion, according to a press release.

The offerings include $750 million Trust Certificates due 2029, $1 billion Trust Certificates due 2034, and $600 million Trust Certificates due 2054, a green Sukuk.

The successful listing of these Sukuk anchors Indonesia's position as one of the leading Sukuk issuers on Nasdaq Dubai, with 20 listings valued at $24.10 billion.

Husin Bagis, Ambassador of Indonesia to the UAE, commented: “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.”

“The 30-year tranche was a green series and showed evidence of the Republic’s dedication and long-term commitment to green and sustainable financing to combat the impact of climate change,” Bagis added.

Hamed Ali, CEO of Nasdaq Dubai and DFM, said: “The demand for these issuances demonstrates the confidence that global investors have in our market, reflecting Nasdaq Dubai's commitment to providing a robust platform for both sukuk issuers and investors.”

The total value of debt listed on Nasdaq Dubai adds up to $134.10 billion, with Sukuk amounting to $93.89 billion.

Nasdaq Dubai leads on the environmental, social, and governance (ESG) related listings with green issuances amounting to $19.70 billion of the $29.75 billion ESG-related issuances.

Earlier this month, Arada Developments listed $400 million Sukuk on Nasdaq Dubai.