RHB Islamic completes sustainable sale and buy back agreement with HSBC Amanah and Standard Chartered Saadiq

RHB Islamic Bank managing director Datuk Adissadikin Ali

KUALA LUMPUR: HSBC Amanah Malaysia Bhd and Standard Chartered Saadiq Malaysia have executed a sustainable sale and buy back agreement (SBBA) transaction for RHB Islamic Bank Bhd under an enhanced Shariah-compliant framework. 

In a statement, RHB Islamic said this deal, which is a first in the country, represents a significant achievement in Islamic sustainable finance innovation.