Malaysia Bhd (BIMB) has issued its fifth tranche of RM400 million Subordinated
Sukuk Murabahah under its Sukuk Murabahah Programme of RM10 billion.
statement today, BIMB said the Sukuk Murabahah should qualify as Tier 2
regulatory capital of Bank Islam in compliance with Bank Negara Malaysia’s
Capital Adequacy Framework for Islamic Banks (Capital Components).
will enhance the capital adequacy of Bank Islam in line with the Basel III requirements,”
Sukuk Murabahah, which will be redeemed at its full nominal value upon
maturity, comes with a call option on its fifth anniversary and is rated
A1/stable by RAM Rating Services Bhd,” it said.