Agrobank unveils RM1 bil Sukuk Wakalah Programme

Bank Pertanian Malaysia Bhd (Agrobank) has unveiled its RM1 billion Sukuk Wakalah Programme based on the Islamic principle of Wakalah Bi Al-Istithmar.

Chairman Datuk Mustapha Buang said for the first tranche, Agrobank, a development financial institution (DFI) with a primary focus on strengthening the agriculture sector in Malaysia, is planning to issue up to RM500 million in Sukuk Wakalah.

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