BANK Islam Malaysia Bhd has issued RM250 million in its eighth tranche of subordinated sukuk murabahah under its RM10 billion sukuk murabahah programme.
The issuance supports the bank’s capital management strategy and qualifies as Tier 2 capital under Bank Negara Malaysia’s Capital Adequacy Framework for Islamic Banks, helping maintain a strong capital buffer aligned with Basel III standards.
The sukuk has a 10-year tenure with a call option after five years and is rated A1 with a stable outlook by RAM Rating Services Bhd.
Bank Islam acted as principal adviser, lead arranger, lead manager, and shariah adviser for the issuance. — TMR
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The post Bank Islam raises RM250m via eighth sukuk tranche appeared first on The Malaysian Reserve.
