Bank Islam issues RM250mil sukuk to enhance capital

This perpetual non-call five-year sukuk has been assigned and reaffirmed a long-term rating of A3 by RAM Rating Services Bhd.

PETALING JAYA: Bank Islam Malaysia Bhd has launched the second tranche of its additional Tier 1 capital sukuk wakalah, amounting to RM250mil, from its RM5bil sukuk wakalah programme.

This perpetual non-call five-year sukuk has been assigned and reaffirmed a long-term rating of A3 by RAM Rating Services Bhd.