PETALING JAYA: Khazanah Nasional Bhd has issued Malaysia’s first tokenised sukuk worth RM100mil in collaboration with the Securities Commission (SC), marking a pilot initiative to test the use of blockchain technology in the domestic capital market.
In a statement, the SC said the issuance forms part of the Sukuk Danum Programme.
This is an Islamic medium-term notes programme of up to RM20bil in nominal value, with a one-year tenure for this inaugural tranche.
The SC added that by merging syariah- compliant assets with distributed ledger technology or DLT, this initiative aims to enhance accessibility, efficiency and transparency within the capital market, allowing 24/7 access to information to relevant stakeholders.
SC chairman Datuk Mohammad Faiz Azmi said the pilot reflects the direction set under the Capital Market Masterplan 2026 to 2030 to further strengthen Malaysia’s bond and sukuk market through innovation, enhanced market connectivity and improved execution efficiency.
“Tokenisation offers the potential to improve transparency, broaden participation and support a more vibrant market. By working closely with market participants, we are building the regulatory and market foundation for the next phase of development in Malaysia’s capital market.”
Khazanah managing director Datuk Amirul Feisal Wan Zahir said the pilot represents an important step in building the capabilities, confidence and ecosystem required for a more digitally enabled future.
“This tokenised sukuk, in collaboration with the SC, reflects that role by taking a practical step towards exploring how digital technology can improve how we issue and manage capital market instruments.
“With Khazanah’s position in the market and the SC’s regulatory leadership, we are able to test this in a controlled and credible manner.
“This is not about introducing a new product for its own sake, but about building the foundations for a more efficient and transparent market over time.”
