null Sukuk issuances herald industry ‘firsts’ in Islamic finance
Sukuk issuances herald industry ‘firsts’ in Islamic finance
17 May 2021 | Monday Source: Finance Asia
Three novel sukuk transactions are an important step forward for the Islamic finance industry, involving the Government of Malaysia, Khazanah and the Government of Maldives.
The Government of Malaysia issued the world’s first sovereign US dollar sustainability sukuk issuance via USD800 million worth of 10-year trust certificates. The proceeds will be used for eligible social and environmental projects. The Government also issued USD500 million in 30-year trust certificates concurrently with the 10-year issuance.