BNM provides regulatory flexibility for banks to issue ringgit-denominated sukuk

Bank Negara deputy governor Adnan Zaylani Mohamad Zahid

KUALA LUMPUR: Bank Negara Malaysia (BNM) is now providing regulatory flexibility for multilateral development banks to issue ringgit-denominated sukuk and to provide ringgit financing to resident entities in Malaysia without prior approval from the central bank.

Deputy Governor Adnan Zaylani Mohamad Zahid said the foreign exchange policy flexibilities, as a package, are expected to reduce the concern of foreign exchange mismatch for both the lender and the borrower.