Bank Muamalat Malaysia’s MYR 500 Million Sukuk Murabahah Receives Positive Response During Book-Building Exercise 

Bank Muamalat Malaysia’s (Bank Muamalat) MYR 500 million Subordinated Sukuk Murabahah (Sukuk), which will be issued on the 15th of June 2021, has received a positive response from diversified and a wide range of investors during a recent book-building exercise.

Why it Matters?

The Subordinated Sukuk Murabahah is the second issuance under Bank Muamalat’s MYR 1 billion Subordinated Sukuk Murabahah Programme (2016/2036), which qualifies as Tier-2 capital under Bank Negara Malaysia’s Policy Document on Capital Adequacy Framework for Islamic Banks (CAFIB). Proceeds of the issuance will be used for Bank Muamalat’s Islamic banking activities and working capital requirements, which will help the bank’s growth following the pandem...