IslamicFinance.de

The strategic investment fund Khazanah Nasional Bhd has gathered RM 100 million from the second tranche oft he Sustainable and Responsible Investment sukuk. Khazanah said in a statement today that the proceeds will be used to fund a rollout of a Trust Schools Programme to more schools in Malaysia.
"Khazanah has successfully raised RM100 million via a second tranche of the seven-year SRI sukuk, issued by a Malaysian-incorporated independent Special Purpose Vehicle, Ihsan Sukuk Bhd. The settlement date of this Sukuk will be on August 8th, this year. Ihsan issued the first tranche of RM 100 million in 2015, under its RM 1.0 bn Sukuk Programme," Khazanah said in a statement. It explained that proceeds from this second tranche will fund the rollout of Yayasan AMIR’s Trust Schools Programme, reaching as many as 20 schools.

The Islamic Development Bank indicated that it may issue green sukuk bonds compliant with religious law and increase lending for climate-related projects with an announcement at the United Nations global warming conference in Paris at the end of the year.
“Estimates for the 2030 agenda indicate that we need to move from billions to trillions of dollars of support annually for sustainable development,” Savas Alpay, chief economist of the IDB, said in a phone interview. “Traditional sources of development finance will not be enough. We must also look at non-traditional sources. We will be using Islamic finance to bring new resources to the table.”
Khazanah Nasional Bhd, Malaysia’s state-owned sovereign wealth fund, issued green sukuk last November after introducing guidelines for socially responsible debt in August 2014. It was the second entity after the London-based International Financial Facility for Immunization announce plans to sell ethical-based sukuk.
Green Sukuk