MBSB Bank, Maybank Investment Bank ink agreement for RM5bil sustainability sukuk programme

Datuk Nor Azam M Taib, acting CEO of MBSB Bank (seated, left), and Datuk Fad’l Mohamed, CEO of Maybank Investment Bank, at the signing of the sustainability sukuk agreement. Looking on are Kamarulzaman Ahmad, independent non-executive director of MBSB Bank, and Datuk Muzaffar Hisham, group CEO of Maybank global banking.

KUALA LUMPUR: MBSB Bank Bhd has signed an agreement with Maybank Investment Bank Bhd for the establishment of a RM5bil sustainability wakalah programme, the first of its kind to be issued by an Islamic bank.

Maybank Investment Bank is the sole principal adviser, sole lead arranger, sole lead manager and sole sustainability structuring adviser while Maybank Islamic is the shariah adviser for the sustainability sukuk programme.