OCBC Al-Amin, RHB Islamic pioneer US$175mil Islamic green term financing

RHB Islamic Bank CEO Datuk Adissadikin Ali (centre, left) and OCBC Al-Amin Bank CEO Tuan Syed Abdull Aziz Syed Kechik at the signing of the agreement

KUALA LUMPUR: OCBC Al-Amin Bank Bhd, the Islamic banking subsidiary of OCBC Bank (Malaysia) Bhd, has granted a ground-breaking US$175 million (US$1=RM4.60) Islamic green term financing facility to RHB Islamic Bank Bhd.

The facility makes OCBC Al-Amin the first bank in Malaysia to offer a green Islamic foreign currency and bank-to-bank term financing facility, according to a joint statement today.