KUALA LUMPUR: Danajamin Nasional Bhd yesterday became the first financial guarantee insurer to provide an Islamic guarantee (or Al-Kafalah) for sukuk, with the issuance of the first Danajamin guaranteed sukuk programme.
Chief executive officer Ahmad Zulqarnain Onn said the RM75mil sukuk issued by LBS Bina Group Bhd comprised two tranches – a RM35mil four-year sukuk and RM40mil five-year sukuk.
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