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Prudential expands definition of financial dependants to include extended family members
Prudential Malaysia has expanded its definition of financial dependants for its insurance policies and takaful certificates beyond spouse, children and legal guardian relationships so as to provide access to financial protection to more people.
19 Jul 2022
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IJM inks RM360mil Sukuk Murabahah subscription with CIMB
IJM Corp Bhd , via its wholly-owned subsidiary, Fairview Valley Sdn Bhd has entered into a subscription agreement with CIMB Investment Bank Bhd and CIMB Islamic Bank Bhd for the inaugural RM360mil nominal value Sukuk Murabahah.
19 Jul 2022
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press release
The IILM achieves key milestone with successful issuance of inaugural 12-month “A-1” rated cross-border USD Sukuk
The International Islamic Liquidity Management Corporation (IILM) has achieved a key milestone in its 12-year history after successfully issuing its first ever 12-month short-term “A-1” rated Ṣukūk. The USD 250 million tranche was issued together with the one-month and three-month tenors, with an allocated amount of USD 250 million and USD 330 million respectively.
08 Jul 2022
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Global sukuk volumes set to slide in 2022 amid rising rates and expensive liquidity: S&P
The volume of global sukuk issuance this year will drop by about 12 per cent on an annual basis as the cost of borrowing continues to rise amid global interest rate increases and financing needs of issuers decline, according to S&P Global Ratings.
06 Jul 2022
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CIMB bags awards for leadership in debt capital markets and Islamic finance
CIMB Investment Bank Bhd, CIMB Islamic Bank Bhd and Unit Usaha Syariah PT Bank CIMB Niaga Tbk have been feted at the Alpha Southeast Asia Best Financial Institution Awards and Best Islamic Finance Awards 2022 with multiple awards that attest to CIMB’s leadership in banking and finance.
06 Jul 2022
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press release
MARC Ratings Affirms Ratings On Sunway Group Issuances
MARC Ratings has affirmed its MARC-1/AA- ratings on Sunway Berhad's issuances under the RM2.0 billion Commercial Papers/Medium-Term Notes (CP/MTN) Programmes. Concurrently, the ratings on Sunway Treasury Sukuk Sdn Bhd's issuances under the RM2.0 billion Sukuk Programme and RM10.0 billion Islamic Commercial Papers/Islamic Medium-Term Notes (ICP/IMTN) Programmes have been affirmed at MARC-1IS(cg)/AA-IS(cg). Sunway Treasury Sukuk is a funding vehicle for Sunway which has extended a corporate guarantee on the former's issuances. The outlook on all ratings is stable.
05 Jul 2022
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