Join Us 
NRI Latest News: Nasdaq Dubai welcomed the listing of US$ 500 million Sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This was the fourth listing under their $2 billion trust certificate issuance programme.
In an statement on Monday, Nasdaq Dubai said, ‘This is a landmark listing, being the first-ever Sustainability Sukuk to be issued in Kuwait and in compliance with the Warba Bank Sustainable Finance Framework. The certificates are five years tenored and have been structured to provide funding for green, social and other sustainable projects and activities in compliance with the principles underlying Warba Bank’s sustainable finance framework, which are based on global sustainable development goals.’
Further entrench Nasdaq Dubai’s position as the leading marketplace, regional and global, for listings of fixed income and ESG-related securities. Listing of fixed-income securities totaled up to $134 billion on the exchange, with ESG listings at $30 billion. This includes ESG Sukuk at a value of $18 billion, with the recent listing of Warba Bank.
This was well received by investors, with the order book amount reaching $1.8 billion, about 3.6 times the size of the issuance, which preludes strong demand and further growing appetite for sustainable investment opportunities available within the region.
Hamed Ali, Chief Executive of Nasdaq Dubai and DFM, said, “We are pleased to welcome Warba Bank’s Sukuk to Nasdaq Dubai. It evidences our continuous commitment to support green and sustainable financing initiatives in the region and provide a robust listing platform for these financial instruments.”
Sukuk listed by Warba Bank on Nasdaq Dubai now amount to a total value of US$1.25 billion through three listings after this further listing.
This is a historic listing, as this will be the first-ever Sustainability Sukuk issued in Kuwait under the outlined Sustainable Finance Framework of Warba Bank.
