IsDB in the Capital Markets
As a pioneer of the Sukuk market, with its first issuance in 2003, IsDB (the ‘Bank’) has become a beacon for investors and issuers who are looking to unlock the potential of the Islamic finance market. By leveraging on its strong relationship with a broad range of partner institutions, development agencies and investors, the Bank is actively promoting the Sukuk market by increasing the supply of high quality Sukuk which can be traded in the secondary markets. Sukuk, which perfectly fit into the bond infrastructure system have opened up the door for the global fixed income investors to participate in the IsDB’s developmental mandate like other multilateral development institutions.
IsDB is rated AAA by the three major rating agencies (Standard & Poor’s, Moody’s and Fitch), and has been designated as a Zero Risk Weighted Multilateral Development Bank (MDB) by the Basel Committee on Banking Supervision and the Commission of the European Communities. Besides IsDB’s strength of its capital base, low leverage and other factors make it a fitting partner for fixed-income investors.
To date, IsDB has raised more than US$20 billion worth of sukuk in various currencies and maturities from the international capital markets space, both in the benchmark public offering format as well as private placement to cater to investors’ demand.
IsDB Sukuk Programme
IDB Trust Services Limited
Legal entity identifier (LEI): 213800VKLEPJ95I3W549
U.S.$25,000,000,000 Trust Certificate Issuance Programme guaranteed by the Islamic Development Bank.
Series 40 Issued 25-Sep 2019