Vidullanka PLC marked a historic milestone today with the inaugural listing of Sri Lanka’s first-ever Sukuk on the Colombo Stock Exchange (CSE), introducing a Shariah-compliant financial instrument to the nation’s capital market for the first time.

The occasion was celebrated with a ceremonial bell-ringing event held at the CSE Trading Floor, highlighting a pivotal advancement in the country’s efforts to diversify its financial instruments and attract Islamic finance.

The listed Sukuk comprises two tranches of five-year Ijarah-based debt securities:

• A fixed-rate Sukuk offering a 10.75% annual Ijarah payment (Annual Equivalent Rate of 11.04%), and

• A floating-rate Sukuk benchmarked to the Average Weighted Prime Lending Rate (AWPLR), with a payment floor of 10.00% and a cap of 13.00%.

A total of 5 million units of these Shariah-compliant instruments are now tradable under the security codes VLL-BD-23/06/30-C2575-10.75 and VLL-BD-23/06/30-C2576, listed under the ISINs LK0347D25751 and LK0347D25769, respectively.