Bank Islam issues RM1bil senior Sukuk Murabahah

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KUALA LUMPUR: Bank Islam Malaysia Bhd has successfully issued RM1bil senior sukuk Murabahah under its RM10bil sukuk Murabahah programme in nominal value (sukuk Murabahah programme).

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The sukuk Murabahah, rated AA3/stable by RAM Ratings Services Bhd, offers fixed profit rates of 4.01% and 4.13% per annum, with respective tenures of five and seven years.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Banking Sukuk Murabahah /Business/Business News Bank Islam

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 19:25:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 158 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21627348

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 53 posts per day

Year Established: 1971

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News Last Updated: 4 hours ago

Coverage Areas: Malaysia

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