Agrobank Malaysia’s Inaugural Venture into Sukuk Receives Strong Response

A statement issued by Agrobank on the 20th of October 2021, said that its inaugural MYR 500 million Sukuk Wakalah programme was successfully priced. This follows the MYR 1 billion Sukuk Wakalah programme which was lodged with the Securities Commission Malaysia in August 2021.

Why it Matters?

Khadijah Iskandar, Covering President/Chief Executive Officer of Agrobank stated that the successful issuance of its Sukuk will further endorse Malaysia as a global Islamic financial hub in addition to cementing its position as a leader in the global Islamic capital markets. She added that the considerable demand for the Sukuk confirms investors’ confidence in Agrobank’s credit, operations and business activities. The issuance will also substantiate th...