RIYADH: Islamic Development Bank is targeting a $4 billion green sukuk issuance in 2023, its chairman told Al Arabiya.
The bank’s sukuk issuance plans change according to the volume of loans required by member countries, Muhammad Al-Jasser added.
IsDB has so far issued sukuks worth $3 billion this year, compared to $5 billion last year.
“Our bank is the only Islamic institution in the world with a triple-A rate, which helps us with loans as our financial situation is better than others,” Al-Jasser said.
