KUALA LUMPUR: AMMB Holdings Bhd
’s Islamic banking arm, AmIslamic Bank Bhd (“AmIslamic Bank”), issued its inaugural issuance of RM200mil Basel III-compliant Tier 2 Subordinated Sukuk Murabahah (“Tier 2 Sukuk Murabahah”).
This is also Malaysia’s first Basel III-compliant Tier 2 subordinated sukuk issuance and the world’s first Basel III-compliant Tier 2 subordinated sukuk to be issued under the syariah principle of Murabahah based on commodity trading (via a Tawarruq arrangement).
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