PETALING JAYA: The Malaysia Building Society Bhd
is establishing a sukuk programme (sukuk wakalah programme) of up to RM10bil in nominal value through its wholly-owned subsidiary MBSB Bank Bhd.
The programme will be established under the syariah principle of Wakalah Bi Al-Istithmar for the issuance of senior sukuk wakalah, tier-two sukuk wakalah and/or additional tier-1 capital (AT1) sukuk wakalah.
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