Indonesia Lists US$2.2 Billion Sukuk on Nasdaq Dubai
DUBAI, 9 September 2025: Nasdaq Dubai has admitted two new Sukuk issuances by the Republic of Indonesia, totaling US$2.2 billion under its US$45 billion Trust Certificate Programme.
The issuance comprises:
- US$1.1 billion 4.55% trust certificate maturing 2030
- US$1.1 billion 5.20% green trust certificate maturing 2035
These listings highlight Indonesia’s leadership in sovereign Sukuk issuance and its growing commitment to sustainable finance.
Key Market Highlights
- Indonesia’s total Sukuk listings on Nasdaq Dubai: US$24.05 billion across 21 issuances
- Nasdaq Dubai’s total Sukuk market: US$98.6 billion from sovereign, supranational, and corporate issuers
- Total debt listings on the exchange: over US$139 billion
Husin Bagis, Indonesian Ambassador to the UAE, rang the market-opening bell to mark the listings. He said the issuance reflects Indonesia’s strong economic fundamentals and commitment to sustainable development.
Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, emphasized that the listings showcase Nasdaq Dubai as a hub for sovereign and ESG-linked financing and a gateway for global investors.
Market Impact
- Indonesia reinforces its role as the largest sovereign Sukuk issuer on Nasdaq Dubai
- Green Sukuk issuance signals growing ESG adoption in global finance
- Nasdaq Dubai continues to expand its appeal to international issuers and investors
