IsDB Asks Banks and Financial Institutions To Issue Sukuk in Dollars

The Islamic Development Bank has announced the appointment of several banks and financial institutions to organize the issuance of Sukuk in dollars for five years.

The Islamic Development Bank has an AAA rating from Moody’s, Standard & Poor’s, and Fitch and has commissioned Citibank, Dubai Islamic Bank, HSBC, SNB Capital and Natixis, Standard Chartered, and Société Générale to organize the issuance of the Sukuk in 2022.

The issuance of Sukuk should be of size standard which is usually no less than $ 500 million.