Case Study

Digi makes the right call with debut Sukuk

Telco giant Digi.Com has finally gone online with its first ever Sukuk, joining rivals Maxis and Celcom in the corporate Sukuk club. The Malaysian Sukuk market is familiar with telco Sukuk: Celcom flooded the market in 2012 with what was then...


Case Study

RHB Islamic gains favorable pricing for Sukuk

Ending a 35-month drought, RHB Islamic returned to the Shariah capital market last month with a RM250 million (US$58.17 million) offering which proved a big hit among asset managers. MY Islamic Finance takes a closer look at the deal. RHB...


Case Study

KDU’s Sukuk Ijarah: A fusion of structures committing to a variety of causes

KDU University College recently tapped the Islamic debt capital markets to raise funding for its new university campus in Penang, among others. MY Islamic Finance takes a closer look at the transaction. Raising RM30 million (US$6.81 million),...


Case Study

Cagamas’ SG$50 Million Sukuk: One step ahead

The Sukuk market has been predicted by S&P to be relatively slower this year compared with the last; the reason being the complexity of structuring the issuance itself. Despite that, Cagamas has again made one step forward in the Islamic...


Case Study

Jambatan Kedua makes strong Sukuk comeback

Returning to the Sukuk market after over a year since its Sukuk debut, Jambatan Kedua (JKSB) proves that a favorable pricing is still achievable despite choppy market conditions. JKSB, wholly owned by the Ministry of Finance, issued the tranche...


Case Study

LPPSA debuts state-backed Islamic papers

Malaysia’s Public Sector Home Financing Board (LPPSA) made its foray into the Islamic debt capital market with a Sukuk Murabahah issuance of RM4 billion (US$955.5 million), which saw exceptional reception. Offered in six tranches with varying...


Case Study

TNB returns to Sukuk market to exceptional demand

International markets may have been jittery scrambling to adapt to a new normal of low oil prices and to adjust to slower global growth amid geopolitical uncertainties, but these volatile conditions did not stop Tenaga Nasional (TNB) from achieving...


Case Study

Ekovest’s greenfield toll-road Sukuk

Property and infrastructure developer Ekovest in August tapped the Malaysian Islamic capital market, raising up to RM3.64 billion (US$893.35 million) through an Islamic bond, or Sukuk, to part-fund the construction of Setiawangsa-Pantai Expressway ...