The 30-year programme would be implemented through a special purpose company, Imtiaz Sukuk II Bhd; the first issue of the sukuk is expected to begin soon with a size of RM500 million and an option to increase it. — Picture by Choo Choy May
“As you all know, Sukuk is a long-term fund, the whole idea is to stabilise the funding situation, part of the liquidity management, this is the bank’s planning to ensure we have good funding portfolio,” he told the media after the signing of the agreement for the Bank Rakyat Sukuk Wakalah programme here today.
Entrepreneur Development and Cooperatives Minister Datuk Seri Wan Junaidi Tuanku Jaafar was present to witness the formality.
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