null Bank Islam issues maiden RM500m sukuk wakalah
Bank Islam issues maiden RM500m sukuk wakalah
25 Aug 2022 | Thursday Source: Malay Mail
Bank Islam Malaysia Bhd has issued its maiden RM500 million Additional Tier-1 capital Sukuk Wakalah under a Sukuk Wakalah programme of up to RM5 billion in nominal value.
In a filing with Bursa Malaysia today, the bank said the sukuk was based on the Shariah principle of Wakalah Bi Al-Istithmar.
It said the sukuk tenure is perpetual (non-callable five years and was rated A3/stable by RAM Rating Services Bhd.