Infracorp is the infrastructure and sustainability arm of GFH Financial Group. Touted to be the first Green sukuk issued by a Bahraini entity, Infracorp has announced the issuance of a $900 million sukuk on the London Stock Exchange. Chairman of Infracorp, Hisham Alrayes, said the funds will be used to speed up infrastructure development across the Gulf, North Africa and South Asian regions. “With green sukuks growing by more than 17 percent year-on-year in 2021, to $15 billion and expected to remain a key theme of the Islamic finance market in 2022, sukuk issuance activity is expected to stand between $160 and $170 billion in 2022, according to Moody’s,” said Alrayes. He added: “We, therefore, anticipate a growing investor appetite for ESG and for green sukuks throughout the ongoing economic headwinds.” Infracorp is the infrastructure and sustainability arm of GFH Financial Group. The company manages assets of nearly $3 billion of infrastructure assets, including a 250 million square feet land bank that is earmarked for sustainable economic and social infrastructure.