Malaysia’s Tomei to Launch MYR 150 Million Sukuk Murabahah Programme
June 29, 2022 | Updated at June 29, 2022
Malaysia-based Tomei Consolidated Berhad (Tomei) has announced its intentions to launch an Islamic Medium-Term Notes Programme with a nominal value of up to MYR 150 million (USD 34 million).
Why it Matters?
The programme, based on the principle of Murabahah through a Tawarruq arrangement, will allow Tomei the freedom to occasionally issue secured or unsecured Sukuk Murabahah and will have a duration of 25 years from the date of the first issuance.
DetailsThe appointed principal adviser, lead arranger, and lead manager for the programme is Public Investment Bank Berhad, while the shariah adviser is Amanie Advisors Sdn Bhd (Amanie). Established in 1968, Tomei is a manufacturer and retailer of gold, jewelries and diam...