Bina Darulaman issues RM50mil Sukuk Wakalah

KUALA LUMPUR: Bina Darulaman Bhd (BDB) has issued its maiden RM50mil Sukuk Wakalah, the first tranche of its seven-year RM100mil Sukuk Wakalah Programme.

In a statement yesterday, the Kedah-based property and construction company said the sukuk was based on the underlying syariah principle of Wakalah Bi Al-Istithmar (investment agency).