Samaiden Group launches RM1.5bil Islamic financing programmes


KUALA LUMPUR: Samaiden Group Bhd has announced the establishment of a RM1.0 billion Islamic medium term notes (IMTN) programme and a RM500.0 million Islamic commercial papers (ICP) programme, both under the shariah principle of Wakalah bi al-Istithmar.

The renewable energy specialist said the programmes will allow the issuance of both rated and unrated Islamic notes and papers, with options for them to be secured or unsecured, with or without a financial guarantor.

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