Business News

Published: Monday October 28, 2013 MYT 7:16:00 PM
Updated: Monday October 28, 2013 MYT 7:25:26 PM

MBSB, unit plans RM7b Sukuk programme

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) and its unit plan to undertake up to RM7bil Sukuk programme.

MBSB said on Monday it proposed to set up a 15-year structured covered Sukuk commodity Murabahah programme of up to RM3bil which is part of its fundraising exercise.

It also said its unit Jana Kapital Sdn Bhd proposed to set up a 16-year Sukuk commodity Murabahah programme of up to RM4bil.

MBSB said it holds the shares in Jana Kapital on trust for a charitable organisation.

“The proposed establishment of the Sukuk Murabahah programme is to facilitate the issuance of structured covered Sukuk under the structured covered Sukuk programme,” it said.

MBSB said the two programmes were approved by the Securities Commission via its letters dated Oct 25.

Tags / Keywords: Business News, Investing

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