IsDB, ICMA, and CFA collaborate on Sukuk primer
17 July 2026 Global
Image: EPDICAY/stock.adobe.com
The Islamic Development Bank (IsDB), the International Capital Market Association (ICMA), and CFA Institute have agreed to work together to develop 鈥楢 Primer on Sukuk鈥�.
The primer would be a practical guide devised to introduce sukuk to capital market practitioners and stakeholders globally.
The initiative aims to advocate wider understanding of sukuk as an asset class within international fixed income markets, including their role in sustainable finance, while staying aligned with the principle of Islamic finance.
According to the firms, the primer will provide an accessible overview of sukuk definitions, structures, documentation, issuance processes, ratings considerations, investment considerations, and relevant case studies.
The intention of the publication is to help enhance investor awareness of sukuk, support the market鈥檚 progression, and highlight the relevance of sukuk across global markets, including sustainable capital markets.
Bryan Pascoe, chief executive of ICMA, states: 鈥淪ukuk are an increasingly relevant part of international fixed income markets and have a clear role to play in supporting sustainable investment. By bringing together the complementary expertise of our three organisations, this primer can help promote greater awareness, consistency, and confidence in the market.鈥�
Mr. I帽igo Bengoechea, head of strategic partnerships at the CFA Institute, adds: 鈥淚n collaboration with IsDB and ICMA, we aim to provide an accessible and authoritative resource that strengthens market knowledge, supports informed investment decision-making, and contributes to the continued development of the sukuk market with integrity and high professional standards.鈥�
The primer would be a practical guide devised to introduce sukuk to capital market practitioners and stakeholders globally.
The initiative aims to advocate wider understanding of sukuk as an asset class within international fixed income markets, including their role in sustainable finance, while staying aligned with the principle of Islamic finance.
According to the firms, the primer will provide an accessible overview of sukuk definitions, structures, documentation, issuance processes, ratings considerations, investment considerations, and relevant case studies.
The intention of the publication is to help enhance investor awareness of sukuk, support the market鈥檚 progression, and highlight the relevance of sukuk across global markets, including sustainable capital markets.
Bryan Pascoe, chief executive of ICMA, states: 鈥淪ukuk are an increasingly relevant part of international fixed income markets and have a clear role to play in supporting sustainable investment. By bringing together the complementary expertise of our three organisations, this primer can help promote greater awareness, consistency, and confidence in the market.鈥�
Mr. I帽igo Bengoechea, head of strategic partnerships at the CFA Institute, adds: 鈥淚n collaboration with IsDB and ICMA, we aim to provide an accessible and authoritative resource that strengthens market knowledge, supports informed investment decision-making, and contributes to the continued development of the sukuk market with integrity and high professional standards.鈥�
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