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The Islamic Development Bank has announced it has created an innovative Sustainable Finance Framework to utilise funds exclusively for green projects in IsDB Member Countries through and catalyse the role of the Bank's preferred financing tool – the Sukuk bond.
Through the new Framework, the green Sukuk will be the first of its kind in Europe following the very first globally seen green Sukuk launched in Malaysia in 2017. The Sukuk will be issued to reflect the IsDB's ambitions to help leverage greater funds from capital markets into specifically green development projects by unlocking the necessary funds though Islamic financing, a method that places great importance on improving the quality of life, social equity and fair-trade relations and; forbids profiteering at...
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