RIYADH: The Islamic Development Bank has mobilized over $55 billion in sukuk issuances since 2003, with its latest €500 million ($580 million) green Shariah-compliant bond listed on the London Stock Exchange drawing record investor demand, the bank said.
Speaking at the Global Sukuk Summit 2025 in the UK capital, the bank’s Chairman Mohammed Al-Jasser said the Islamic bonds have evolved from a niche product into a globally recognized and trusted asset class that effectively links finance with tangible development outcomes.
This comes as the global ESG sukuk market hits a record high, with Fitch Ratings reporting $6.5 billion issued in the third quarter of 2025 alone, bringing the total for the year so far to $13.5 billion. The market remains concentrated in core Islamic finance hubs, with Gulf countries accounting for over half of all outstanding ESG sukuk.
Speaking at the summit, Al-Jasser said: “Sukuk represents capital with purpose, channeling financing into infrastructure, renewable energy, healthcare, and education — projects that directly serve communities.”
He added: “This intrinsic link between capital markets and the real economy is what gives Sukuk enduring value.”
