Collaboration with ICMA announced – Islamic Finance Council UK

The HLWG, represented by the Islamic Development Bank (IsDB) and London Stock Exchange Group (LSEG), announced at COP28 in Dubai, a collaboration with ICMA to produce green sukuk guidance in line with the Green Bond Principles. The pioneering initiative will support the growth of the green sukuk market for mobilizing climate finance from global capital markets.

IsDB, LSEG and ICMA will work together to develop the guidance for global capital market practitioners. It is expected that the guidance will enhance investor awareness of the sukuk asset class.