Friday, April 16, 2021

The Saudi Islamic Development Bank issues $ 2.5 billion green sustainability sukuk

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The Saudi Islamic Development Bank Group announced the issuance of environmentally friendly green sustainability sukuk worth $ 2.5 billion, which is the largest value of this type in the history of the bank, according to the Saudi Press Agency (SPA), as part of the continuing global efforts to find better ways to respond to the repercussions of “Covid” 19 “The Bank mobilizes financial resources from global markets at low cost and provides them to member states to achieve economic and social development.

The President of the Islamic Development Bank Group, Dr. Bandar bin Muhammad Hajjar, called on workers in the Islamic finance industry to support the green sukuk market as innovative solutions that enhance global efforts to face the repercussions of climate change and achieve a better future for all, God willing.

Source: A.A.A.

The article The Saudi Islamic Development Bank Issues $ 2.5 billion in green sustainability sukuk, written in Al-Borsa newspaper.

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