Launch of Islamic Corporation for the Development of the Private Sector (ICD) - London Stock Exchange Group (LSEG) Islamic Finance Development Report 2023: Navigating Uncertainty

Global Islamic finance assets expected to reach US$6.7 trillion by 2027

Green and sustainability Sukuk represents a key theme at COP28; Global ESG Sukuk issuance totaled US$8.4 billion in 2022; Growth of total Islamic finance assets by 11% to US$4.5 trillion in 2022; Malaysia, Saudi Arabia, and Indonesia lead Islamic finance development; US$788 billion total global Sukuk outstanding last year; Multiple growth channels to drive Islamic…

Jordan closes its Inaugural Sovereign Local Currency Sukuk in Cooperation with Islamic Corporation for the Development of the Private Sector (ICD) and Japan International Cooperation Agency (JICA)

The landmark sovereign issuance marks a major step to develop the Islamic Jordanian capital market as well as provides Shariah-compliant banks with an investment avenue

On the 17th of October 2016 the Hashemite Kingdom of Jordan (“Kingdom”), closed its inaugural local currency Sukuk. The debut sovereign issuance was more than three-times oversubscribed. The amortized Ijarah-based Sukuk has a tenor of five years and expected profit rate of 3.01%. The landmark sovereign issuance marks a major…

London Stock Exchange welcomes ICD, a member of the Islamic Development Bank Group

London Stock Exchange (www.lseg.com) today welcomes ICD (www.ICD-ps.org), a member of the Islamic Development Bank Group, to open trading on London’s markets and mark the listing of its MTN Programme and inaugural $300 million five year Sukuk on London Stock Exchange. ICD will use the proceeds of the Sukuk to…