Green bond fusion: sukuk and SRI to converge

Two key growth areas for international capital markets are set come together in the first green and socially responsible sukuk offerings, writes Dan Alderson. The World Bank is endorsing the product through involvement in two new projects due this year. The Washington supranational’s ambition of issuing its own dollar sukuk is hampered by its mostly conventional asset base. But its UK-based affiliate the International Finance Facility for Immunisation (IFFIm) is looking to do a debut sukuk to fund vaccinations in 53 of the world’s poorest countries.