SC expands grant scheme to promote sustainable devt fund raising

The Green SRI Sukuk Grant Scheme was established in 2018 with a size of RM6 million to assist issuers in defraying up to 90 per cent of the external review costs for green SRI sukuk.

KUALA LUMPUR: The Securities Commission Malaysia (SC) has expanded its Green SRI Sukuk Grant Scheme to encourage more companies to finance green, social and sustainability projects through Sustainable and Responsible Investment (SRI) sukuk and bond issuance.

With this expansion, the grant is now renamed SRI Sukuk and Bond Grant Scheme and is applicable to all sukuk issued under the SC’s SRI Sukuk Framework or bonds issued under the ASEAN Green, Social and Sustainability Bond Standards (ASEAN Standards).