Ogier works with Islamic Development Bank (IDB) on successive issuances of trust certificates

Ogier has worked with the Islamic Development Bank (IDB) on successive issuances of trust certificates under IDB’s US$10bn sukuk trust certificate programme.  The programme provides for trust certificates issued by IDB Trust Services Limited (IDB Jersey), a Jersey company, to be admitted to listing on the official list of the UKLA and to trading on the London Stock Exchange, as well as for trust certificates to be listed (but not quoted for trading) on the Bursa Malaysia. US$9.5bn of trust certificates have been issued to date.