Breadcrumb

Asset Publisher

null Bank Islam issues maiden RM500m sukuk wakalah

news

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.

Read more here