Goldman Sachs issues $500 million Sukuk

The order book was $1.5 billion for the five-year deal which represents Goldman Sachs first Sukuk issuance. The Sukuk was priced at 2.844% profit rate.

Following an aborted sukuk issuance in 2011, Goldman changed the structure of its sukuk plan for this issuance. While its 2011 scheme was based on murabaha, its current plan has a hybrid structure and envisages operating only 49 percent though murabaha and 51 percent through a structure called wakala.

Full details of the Sukuk can be found in our Sukuk profile section here.