CIMB Islamic Inks MYR 1 Billion Sustainable Collateralised Commodity Murabahah Deal with Standard Chartered Saadiq Berhad

CIMB Islamic Bank Berhad (CIMB Islamic) and Standard Chartered Saadiq Berhad have entered an MYR 1 billion (USD 227 million) sustainable Collateralised Commodity Murabahah (CCM) deal, as announced jointly by the entities on the 20th of June 2022.

Why it Matters?

The proceeds from the transaction will be used to fund selected Shariah-compliant assets or projects that fall within the scope of CIMB Group's Sustainable Development Goals (SDGs) Bond and Sukuk Framework.

Details

CIMB’s bond and Sukuk Framework adheres to the International Capital Markets Association’s (ICMA) Green Bond Principles, Social Bond Principles, and Sustainability Bond Guidelines issued in 2021, as well as the ASEAN Capital Markets Forum&...