# The Islamic Development Bank’s (IsDB) issuance of US$1 billion 4.227% fixed rate trust certificates due 2031 under its US$25 billion trust certificate issuance programme.

*business · news · 2026-05-22 · Dentons*

## Key points

- Dentons advised banks on IsDB’s US$1 billion 4.227% fixed rate trust certificates due 2031.
- The IsDB sukuk attracted over US$2.65 billion in orders, far exceeding the issuance amount.
- The five-year trust certificates are listed on both Euronext Dublin and NASDAQ Dubai exchanges.
- Dentons recently expanded its Dubai debt capital markets team with partners Victoria Wyer and Peter Cullen.

**Companies:** J.P. Morgan, BNP PARIBAS, Standard Chartered Bank, Bank of China, Bank of Montreal, Nomura, ICBC, Warba Bank
**Countries:** United Kingdom, United Arab Emirates, China, Canada

[Read the full story on Dentons](https://www.dentons.com/en/about-dentons/news-events-and-awards/news/2026/may/dentons-advises-a-syndicate-of-banks)

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