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 syariah‑compliant purposes to finance the bank’s banking activities, including working capital requirements and other general corporate purposes,” she said.
The sukuk carries tenures of seven and 10 years, rated AA3/stable by RAM Ratings Services Bhd with fixed profit rates of 4.01% and 4.1% per annum, respectively.
