Islamic structures support Malaysian infrastructure spending

On the 16th March 2018 Malaysian engineering, property and infrastructure company Gamuda, one of the country’s largest infrastructure providers, tapped the Islamic debt capital market during a time of tough competition to achieve an impressive price and a strong investor reception, demonstrating

Giant step forward for Omani corporate

Oman’s Golden Group, a privately-owned conglomerate with interests across multiple industries, has made history with the issuance of the first tranche of the country’s largest ever corporate Sukuk program. The OMR200 million (US$520.4 million) program was approved by the regulator in November

Perpetual program on the cards for Malaysian corporate

UMW Holdings, one of Malaysia’s leading industrial enterprises, in March announced plans for a RM2 billion (US$511.6 million) perpetual Sukuk program, designed to improve its borrowing structure by enabling it to access longer-term funding from the capital market. Although not yet executed,

Pakistani oil giant issues short-term Islamic paper

In January 2018 oil marketing firm Hascol Petroleum became the first corporate in Pakistan to issue Islamic commercial paper (ICP), with a PKR1.5 billion (US$13.5 million) short-term facility that blazed a new trail for private sector capital raising in the country. ICPs

Malaysian property firm issues Sukuk for land sale

One of Malaysia’s biggest property developers, SP Setia, in September issued a simple and straightforward Sukuk transaction to raise funds for the purchase of land on the island of Penang, in a deal which demonstrates the simplicity and ease of raising Islamic

Telecoms debut meets enthusiastic market welcome

Market-leading Malaysian telecoms firm Digi Telecommunications launched its first ever Islamic issuance in May 2017 to an eager market, with the oversubscribed paper demonstrating the robust appetite for high quality investment-grade names in a market keen for diversification. The debut RM900 million