KUALA LUMPUR: MR DIY Group (M) Bhd
has proposed to establish two sukuk wakalah programmes with a combined aggregate limit of RM5 billion in nominal value.
In a filing with Bursa Malaysia today, the home improvement retailer said the programmes comprise an Islamic medium-term notes (Sukuk Wakalah-IMTN) programme of up to RM5 billion and an Islamic commercial papers (Sukuk Wakalah-ICP) programme with a sub-limit of RM1 billion, both based on the shariah principle of Wakalah Bi Al-Istithmar.
