Indonesian
Finance Minister Bambang Bodjonegoro today rang the market-opening bell to celebrate the listing on Nasdaq Dubai of four Sukuk valued at $6 billion and issued by the Indonesian government under its Trust Certificate Issuance Program since 2012.
The Islamic bond listings are the largest ever carried out by a sovereign issuer in Dubai, reflecting the emirate’s growth as the global capital of the Islamic economy. Dubai is the world’s leading Sukuk center by listed nominal value at $36.7 billion, with Nasdaq Dubai representing 93 percent of that amount.
“Indonesia is very proud to be able to actively participate in developing the Sukuk market,”
Brodjonegoro said. “Not only in the domestic market, Indonesia also a frequent Sukuk issuer in the global market. Since our international debut in 2009, we have issued Global Sukuk valued at $7.65 billion. In 2012 we entered into a Trust Certificate Issuance Program which currently has four series outstanding valued at $6 billion.”
Nasdaq Dubai attracted Sukuk listings valued at $13.4 billion dollars in 2014 and has added $12.6 billion in 2015.
