The new sukuk way for efficient construction financing


  • Banking
  • Saturday, 09 Dec 2017

Charanjeev: The sukuk is structured to mitigate revenue, construction and liquidity risks for the credit investor.

A novel Islamic sukuk transaction, which is the first securitisation of progress billings and the first to involve affordable housing has achieved financial close recently.

This landmark transaction – also the first syariah-compliant transaction globally – was developed, arranged and advised by NewParadigm Capital Markets Sdn Bhd.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , Sukuk , SkyWorld

   

Next In Business News

Wall St poised for weak open as rate worries keep Treasury yields elevated
Poh Kong's net profit tumbles 83% in 4Q
Ringgit ends easier against US dollar, stronger versus other major currencies
FGV names Rastam Mohd Isa as new chairman
Samaiden and Meta Bright collaborate to advance clean energy initiatives within APAC
Tomei units get pawnbroking, money lending license
VS Industry expects sustained sales growth after 86% profit surge
Ecoscience gets RM38mil construction job
Aeon Credit stays vigilant amid economic challenges
SNS Network upbeat on ICT industry growth

Others Also Read