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UAE-based Majid Al Futtaim (MAF)’s Green Sukuk: The world’s first benchmark...

Majid Al Futtaim (MAF) on Wednesday marked the listing of the world's first benchmark corporate Green Sukuk, and the first Green Sukuk issued by...

UAE- MAF lists world’s first benchmark corporate Green Sukuk

(MENAFN - Khaleej Times) Majid Al Futtaim (MAF) on Wednesday marked the listing of the world's first benchmark corporate Green Sukuk, and the first...

ICD and ASKEC plans to issue green Sukuk

The duo intends to collaborate on the structuring, arranging as well as marketing and issuing a green Sukuk for the benefit of the Al-Sharif...

The future of green Sukuk

As an instrument, green Sukuk is a relatively new phenomenon. Malaysia’s Tadau Energy issued the world’s first green Sukuk in July 2017 and has been followed by a handful of others. These funds have raised investment largely in solar power generation projects. In general, green Sukuk is an Islamic financial instrument which has tapped into the trend of social investing. Finance raised from green Sukuk typically supports investments in renewable energy or other environmental assets such as solar parks, biogas plants, wind energy projects, as well as renewable transmission and infrastructure projects, according to S&P.
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