QI Group launches RM100mil sukuk

At the sukuk subscription signing ceremony. From left: Bank Pembangunan Malaysia (BPMB) corporate banking and investment banking group head Wee Yee Tat, BPMB group corporate and investment banking managing director Mohamed Nazri Omar, BPMB group chief executive officer Roni Abdulwahab, QI Group managing director Kuna Senathirajah, QI Group executive chairman Datuk Seri Vijay Eswaran and Quest International University chancellor Tun Arifin.

PETALING JAYA: QI Group has launched a RM100mil Sukuk Ijarah Programme, with Bank Pembangunan Malaysia Bhd (BPMB) committing RM60mil, making it the primary subscriber to the Islamic bonds.

The Sukuk Ijarah is issued via Silver Formula ABS Bhd, a special-purpose company set up to undertake the transaction.