RHB Bank Lodges Sukuk Murabahah Programme up to MYR 10 Billion

RHB Bank has lodged a Sukuk Murabahah Programme of up to MYR 10 billion in nominal value with the Securities Commission Malaysia, according to local media reports, citing a filing with Bursa Malaysia.

The Sukuk Programme, based on Murabahah through Tawarruq management, will allow RHB Bank to issue senior Sukuk Murabahah as medium-term notes in multi-currencies including MYR from time to time, subject to the outstanding nominal amount not exceeding MYR 10 billion.

According to the filing, proceeds of the Sukuk Murabahah Programme will be utilized for RHB Bank’s working capital and general banking purposes related to Islamic business activity, as well as refinancing or redempti...