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The IILM reissues USD 1.2 billion short-term Ṣukūk
The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD 1.2 billion short-term “A-1” rated Ṣukūk across three different tenors of one, three, and six-month respectively.
15 Mar 2022
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Empower halal cosmetics sector
Malaysia is under the spotlight from the perspective of the halal pharmaceutical market. Pharmaceuticals account for about one-third of all halal-certified products worldwide. The global halal pharmaceutical market is currently worth US$300 billion.
15 Mar 2022
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press release
Discussion Paper on Broader Application of Ta`awun in Takaful
The government, together with the insurance and takaful industry, will offer all eligible Bantuan Keluarga Malaysia (BKM) recipients for next year in the household, single and senior citizen categories a RM75 Perlindungan Tenang Voucher (PTV) from Jan 1, 2022.
11 Mar 2022
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MARC wins double awards for Rating Agency of the Year and Best Sustainability Sukuk
MARC is pleased to announce that it has been named Rating Agency of the Year (Malaysia) for the year 2021 by Hong Kong-based The Asset magazine. In addition to this, MARC has also been awarded for its role as the external reviewer of Small Medium Enterprise Development Bank Malaysia Berhad's (SME Bank) RM500 million ASEAN Sustainability Sukuk which was named Best Sustainability Sukuk for 2021.
10 Mar 2022
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MARC Ratings publishes 2021 Lead Managers' League Tables
MARC Ratings Berhad has published its 2021 Lead Managers' League Tables. The Lead Managers' League Tables provide a meaningful measure of domestic bond issuances rated by MARC given that only issuances which have attained financial close are included. MARC Ratings is a wholly-owned subsidiary of Malaysian Rating Corporation Berhad (MARC), and provides credit rating services as well as publishes economic and fixed-income research.
10 Mar 2022
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MARC Ratings assigns final rating of A+IS to MBSB Bank's RM5.0 billion Sustainability Sukuk Wakalah Programme
MARC Ratings has assigned a final rating of A+IS to MBSB Bank Berhad's RM5.0 billion Islamic Medium-Term Notes (Sustainability Sukuk Wakalah) Programme. The outlook on the rating is stable.
10 Mar 2022
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MARC Ratings affirms ratings on Cagamas MBS' asset-backed Sukuk Musyarakah and fixed rate serial bonds
MARC Ratings has affirmed its AAAIS and AAA ratings on Cagamas MBS Berhad's asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i) and fixed rate serial bonds issuances (CMBS 2005-2; CMBS 2007-2). The outlook on all ratings is stable.
10 Mar 2022
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MARC Ratings assigns final rating of A+IS to Tan Chong Motor's Sukuk Murabahah Programme
MARC Ratings has assigned a final rating of A+IS to Tan Chong Motor Holdings Berhad's (TCMH) RM1.5 billion Islamic Medium-Term Notes (Sukuk Murabahah) Programme. The rating is confined to a RM500.0 million issuance and any further drawdown will require a reassessment of the rating. The outlook on the rating is stable.
10 Mar 2022
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news
LRT, MRT owner-operator Prasarana issues RM1.45b bonds
Malaysian government-owned Prasarana Malaysia Bhd issued on Friday (March 4) a combined RM1.45 billion worth of Islamic bonds or sukuk across five tranches which offer investors annual profit rates of between 3.93% and 4.65%, according to updates on the Bond and Sukuk Information Exchange's (BIX) website.
07 Mar 2022
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