Capital Markets

The silver lining: Domestic Sukuk landscape buoyant in Q1 2017 thanks to US Fed rate hike

Despite a weaker ringgit and an overall gloomy 2016, the first three months of 2017 brought good news for the Islamic capital market industry. Latest figures from RAM Ratings show that in addition to Shariah compliant issuances leading the...


Capital Markets

CAPITAL MARKETS

STSSB’s ICP oversubscribed
Sunway Treasury Sukuk (STSSB)’s 214th Islamic commercial paper (ICP) worth RM100 million (US$23.26 million) has been oversubscribed by RM73 million (US$16.98 million). The ICP received seven bids and has an...


Capital Markets

CAPITAL MARKETS

Cash repurchase offer for Sime Darby Sukuk Sime Darby has invited eligible holders of two tranches of its outstanding Sukuk amounting to US$800 million to either tender for a cash repurchase or novate the debt to Sime Darby Plantation, as part of...


Capital Markets

ISSBNT: A saving grace for the local iETFs?

Bursa Malaysia intends to give a conventional framework a Shariah spin to leverage it to the benefit of the Islamic capital markets. The stock exchange has drafted an Islamic version of the Securities Borrowing and Lending – Negotiated...


Capital Markets

CAPITAL MARKETS

Cagamas issues Sukuk Cagamas has launched its RM2.2 billion (US$494.22 million) equivalent dual currency issuance, comprising a SG$50 million (US$35.39 million) Sukuk facility under its US$2.5 billion multicurrency Sukuk issuance program and five...


Capital Markets

Shariah compliant instruments continue to dominate capital markets

The Securities Commission Malaysia (SC) recently announced the country’s capital market performance and highlights for 2016. So how has the year 2016 been for the RM2.84 trillion (US$637.94 billion)-worth capital market? In total, Malaysia’s...


Capital Markets

Islamic equities underperform in 2017

The Islamic equity markets is off to a steady but lackluster start to the year as major Malaysian Shariah indexes underperform their conventional counterparts in the first month of 2017. In the FTSE Bursa Malaysia Shariah family, all indexes...


Capital Markets

CAPITAL MARKETS

Malaysia issues GII
The Malaysian government’s RM3 billion (US$714.96 million) GII Murabahah offering issued on the 14th October received a total of RM6.07 billion (US$1.45 billion) from 256 bids. The facility, to mature on the 30th September...


Capital Markets

Malaysia catalyzing infrastructure development using Sukuk

In the race to achieve a high-income nation status by 2020, Malaysia is sparing no effort in intensifying its infrastructure development – and Sukuk have increasingly become the preferred funding tool by the government and corporates to...


Capital Markets

Capital Markets

Malaysia issues GII Murabahah
The government of Malaysia has raised RM3 billion (US$678.53 million) via a government investment issue (GII) Murabahah facility at a 4.39% profit rate. According to an announcement on Bank Negara Malaysia’s...