Islamic bond, sukuk seen as effective funding instrument to manage sustainability transitions, says SC chairman

Malaysia Airports Holdings Bhd (MAHB) has made a lodgement with the Securities Commission Malaysia (SC) for the establishment of a sukuk wakalah programme of up to RM5 billion based on the Shariah principle of Wakalah Bi Al-Istithmar.

In a bourse filing on Monday (Nov 8), MAHB said that the sukuk wakalah programme has a perpetual programme tenure which affords the company with flexibility to issue the senior sukuk wakalah and/or perpetual sukuk wakalah from time to time, subject to the aggregate outstanding nominal value of the sukuk wakalah not exceeding RM5 billion at any point in time.

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