Bank Islam Malaysia Berhad has successfully issued its seventh tranche of Subordinated Sukuk Murabahah worth RM250 million, part of its RM10 billion Sukuk Murabahah Programme.
This issuance qualifies as Tier 2 regulatory capital under Bank Negara Malaysia’s Capital Adequacy Framework for Islamic Banks, enhancing the bank’s capital position in line with Basel III requirements.
With a call option on its fifth anniversary, the Sukuk will be redeemed at its full nominal value upon maturity and carries an A1/stable rating by RAM Ratings Services Berhad. Bank Islam serves as the Principal Adviser, Lead Arranger, Lead Manager, and Shariah Adviser for the programme.
As Malaysia’s first publicly listed Islamic bank, Bank Islam continues to lead in offering Shariah-compliant financial services while upholding ESG values and participating in the UN Global Compact.
The latest Sukuk issuance further underscores the bank’s commitment to sustainable Islamic finance.–
