IsDB issues first sustainability $1.5bln sukuk – Emirates NBD Capital – ZAWYA

IsDB issues first sustainability $1.5bln sukuk – Emirates NBD Capital – ZAWYA

IsDB issues first sustainability $1.5bln sukuk - Emirates NBD Capital. Dubai - Emirates NBD Capital has closed the first US dollar sustainability Sukuk of the Islamic Development Bank (IsDB) at a total value of $1.5 billion.. Emirates NBD 's investment banking arm was the joint lead manager and bookrunner for the IsDB's transaction, according to a press release on Sunday.. The bank became the first AAA-rated institution and the Middle East's first socially-oriented banking institution to issue a Green Sukuk in November 2019 to fund environmentally friendly development projects..