PETALING JAYA: Bank Islam Malaysia Bhd
has issued its 10th tranche of RM1bil Senior Sukuk Murabahah, part of its RM10bil Sukuk Murabahah Programme.
The issuance strengthens liquidity management, supports long‑term funding strategy and diversifies the bank’s funding sources, said group chief executive officer Raja Datin Paduka Teh Maimunah Raja Abdul Aziz in a statement.
“Proceeds from the issuance will be utilised for Shariah‑compliant purposes to finance the bank’s banking activities, including working capital requirements and other general corporate purposes.”
She added that this successful issuance reflects the continued confidence of investors in Bank Islam’s credit strength and sound fundamentals.
“It also underscores our disciplined approach to balance sheet management and our commitment to ensuring sustainable funding to support the bank’s
growth and the evolving needs of our stakeholders, in line with Shariah principles.”
The Sukuk carries tenures of seven (7) and ten (10) years, rated AA3/stable by RAM Ratings Services Bhd with fixed profit rates of 4.01% per annum and 4.10% per annum.
Bank Islam served as principal adviser, lead arranger, lead manager and shariah adviser for the programme.
