PETALING JAYA: The Securities Commission (SC) has expanded its green Sustainable and Responsible Investment (SRI) sukuk grant scheme to encourage more companies to finance green, social and sustainability projects through SRI sukuk and bonds issuance.
With this expansion, the grant had been renamed SRI sukuk and bond grant scheme. It would be applicable to all sukuk issued under the SC’s SRI sukuk framework or bonds issued under the Asean green, social and sustainability bond standards, the capital market regulator said in a statement.
“The SRI sukuk and bond grant scheme is now opened for application where eligible issuers can claim the grant to offset up to 90% of the external review costs incurred, subject to a maximum of RM300,000 per issuance, ” it said.
The scheme is administered by Capital Markets Malaysia, an affiliate of the SC.