Beijing, China, January 22, 2024 – President of the Islamic Development Bank, H.E. Dr. Muhammad Al Jasser, met with Executive Vice President and Deputy Chief Investment Officer of China Investment Corporation (CIC), China's sovereign wealth fund, Mr. GUO Xiangjun.

The discussion focused on IsDB Sukuk, emphasizing its key features as an ideal investment instrument for mobilizing funds from global capital markets to support sustainable development on a global scale.

Dr. Al Jasser provided insightful perspectives on Sukuk, highlighting its nature as the Islamic equivalent of bonds, behaving similarly in terms of operations and processes. Both parties agreed to collaborate on areas of mutual interest.

IsDB, as frequent Sukuk issuer, has issued over US$ 46 billion to date, including over US$ 5 billion in Green Sukuk and Sustainability Sukuk.

IsDB Sukuk offers multiple benefits to investors, consistently holding the highest 'AAA' ratings from the three major agencies – Standard & Poor's, Moody's, and Fitch.

It enhances the overall rating of investment portfolios, provides better returns than peers with similar ratings, and serves as high-quality liquid assets meeting Basel III requirements.

Additionally, the proceeds from IsDB Sukuk are allocated to sustainable development initiatives addressing issues such as poverty alleviation and climate action.