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RAM Ratings assigns AAA/Stable rating to Bank Simpanan Nasional’s proposed sukuk
RAM Ratings has assigned an AAA/Stable rating to Bank Simpanan Nasional’s (BSN or the Bank) proposed RM3.5 billion Islamic Medium-Term Notes Sukuk Wakalah Programme (2021/-). Concurrently, the Bank’s financial institution ratings have also been rated AAA/Stable/P1. The ratings are premised on the high likelihood of government support, given the Bank’s important public policy role and strong linkage to the Government of Malaysia (GoM). In accordance with Section 20 of the Bank Simpanan Nasional Act 1974, all deposits with BSN are guaranteed by the GoM.
17 Aug 2021
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Hong Leong Bank concludes inaugural RM300m socially sustainable securitisation exercise
Hong Leong Bank (HLB) and Hong Leong Islamic Bank (HLIB) have completed a socially sustainable securitisation exercise worth a total of RM300 million to the National Mortgage Corporation of Malaysia, Cagamas Bhd.
13 Aug 2021
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press release
MARC assigns preliminary rating of AAAIS to Agrobank's proposed RM1.0 billion Islamic medium-term notes programme
MARC has assigned its financial institution (FI) rating of AAA to Bank Pertanian Malaysia Berhad (Agrobank). Concurrently, the rating agency has assigned a preliminary rating of AAAIS to the bank's proposed RM1.0 billion Islamic Medium-Term Notes Programme (IMTN Programme). The ratings outlook is stable.
12 Aug 2021
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PruBSN to focus on digitising its services, ensure safer environment
Prudential BSN Takaful Bhd (PruBSN), the leading family takaful provider in Malaysia which celebrated its 15th anniversary yesterday, will focus on digitising its services to be more efficient and ensuring a safer environment for all.
11 Aug 2021
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press release
Private firms advised to take advantage of govt support as global halal market seen hitting RM10 trillion
The custodian of Malaysia’s halal industry has called on private halal companies to take full advantage of government support for a bigger slice of a global market projected to hit RM10 trillion (US$2.4 trillion) by 2024.
09 Aug 2021
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Islamic financial institutions ahead of curve in integrating ESG, says CIIF
Islamic financial institutions in Malaysia are ahead of the curve when it comes to integrating environment, sustainability and governance (ESG) with the introduction of the Value-Based Intermediation (VBI) initiative by Bank Negara Malaysia in 2017.
09 Aug 2021
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Cagamas concludes issuance of RM300 mln sustainability sukuk and bonds for affordable housing
Cagamas Bhd has concluded its first double issuance of the ASEAN Sustainability SRI Sukuk (SRI Sukuk) and the ASEAN Sustainability Bonds (Sustainability Bonds) totalling RM300 million, issued under the existing RM60 billion Islamic/conventional medium-term notes programme.
06 Aug 2021
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