Sukuk & Capital Market
Looking ahead, we plan to increasingly focus on those corporates
that have demonstrated significant growth potential in the near term,
advising them on how to expand their business through sukuk issuance
We also support member countries’ financial industries through our well-established and unique Sukuk and Capital Markets Program. Through this program we advise governments and corporates on the process of issuing sukuk, giving them the knowledge to develop local capital markets.
In 2017, the ICD signed a new sukuk mandate in the United Arab Emirates (UAE). The mandate is to assist a UAE-based company to issue a private placement corporate sukuk through NASDAQ Dubai. The issuance is expected to take place in 2018 and will be denominated in hard currency.