The Islamic Development Bank (IsDB) has successfully issued a €500 million Green Sukuk, its second to date, under the bank’s enhanced 2025 Sustainable Finance Framework.
According to an official IsDB statement, this new benchmark issuance marks a major milestone in the euro markets and strengthens the bank’s position as a regular issuer in the currency.
Proceeds from the €500 million Green Sukuk will be allocated to finance and refinance eligible projects that deliver environmental benefits, in line with the “Green Project Categories” outlined in the framework.
IsDB Vice President Zamir Iqbal commented: “Our work on the enhanced Sustainable Finance Framework demonstrates IsDB’s continued commitment to advancing sustainable development across our member countries. This latest EUR Green Sukuk represents a landmark achievement, showcasing the bank’s growing impact and strong market standing. The high level of investor interest underscores their confidence in IsDB’s mission and its Sustainable Finance Framework.”
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