Emirates NBD Capital closes IsDB’s $1.5b sustainability sukuk

Emirates NBD Capital closes IsDB’s $1.5b sustainability sukuk

Emirates NBD Capital Limited, the investment banking arm of Emirates NBD, announced that it has successfully closed Islamic Development Bank (IsDB's) first ever USD Sustainability sukuk.. As demonstration of the commitment, IsDB became the first AAA-rated institution (as well as first Middle East based SSA) to issue a Green Sukuk in November 2019.. The aid package, titled 'Respond, Restore, Restart' will support recipient countries as they address the impact of Covid-19 pandemic on both healthcare systems and the economic impact on SMEs.. Fahad Abdulqader Al Qassim, CEO of Emirates NBD Capital, commented, "Emirates NBD Capital has a long-standing relationship with IsDB and we are pleased to support this landmark Sustainability Sukuk that will support the recovery, growth and future development of communities across the world as they manage the impact of the ongoing COVID-19 pandemic..