1300 ET - Global ESG sukuk rose by 21.6% year-on-year in 1Q, reaching about $50 billion outstanding, Fitch Ratings says. "This increase shows the rising maturity of ESG sukuk, their growing role and potential in funding sustainability initiatives in Organization of Islamic Cooperation countries and intact demand from investors and issuers," Fitch says. Bashar Al Natoor, Global Head of Islamic Finance at Fitch Ratings, says, "ESG sukuk are one of the main dollar funding tools in a limited number of OIC countries, but they are still likely to exceed 20% of the global dollar sukuk issuance in 2025-2026." (stephen.nakrosis@wsj.com)
(END) Dow Jones Newswires
May 06, 2025 13:01 ET (17:01 GMT)
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