The company said the sukuk programme has been given a credit rating of AA3 by RAM Rating Services.
KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd
(Takaful Malaysia) has proposed the establishment of a tier-two subordinated sukuk programme of up to RM1bil in nominal value based on the syariah principle of wakalah bi al-istithmar.
The company said in a filing with Bursa Malaysia that the programme, known as the sukuk wakalah programme, will be used to issue tier-two subordinated sukuk with a tenure of not less than five years from the issue date.
