Malaysia Launches 500 Million Ringgit Sukuk For Covid 19 Recovery Malaysia's finance ministry on tuesday launched a 500 million ringgit ($119.45 million) sukuk as part of the government's efforts to raise funds for their coronavirus economic recovery plan. [kuala lumpur] malaysia's finance ministry on tuesday launched a rm500 million (s$163.2 million) sukuk as part of the government's efforts to raise funds for their coronavirus economic recovery plan. the sukuk prihatin will be offered on digital banking platforms from aug 18 to sept 17, offering a 2 per cent profit rate over a two year maturity period, according to a statement from the ministry.
The Road To Recovery Of The Malaysian Ringgit Bond Market In View Of The sukuk, which is based on the principle of tawarruq via the commodity murabahah arrangement, has a total target issuance of rm500 million with a maturity period of two years, said the ministry of finance (mof) in a statement today. it offers a profit rate of 2% per annum, which will be paid on a quarterly basis and will be exempted from tax. Kuala lumpur (reuters) – malaysia’s finance ministry on tuesday launched a 500 million ringgit ($119.45 million) sukuk as part of the government’s efforts to raise funds for their coronavirus economic recovery plan. the sukuk prihatin will be offered on digital banking platforms from aug 18 to sept 17, offering a 2% profit rate over a two. Putrajaya, aug 18 ― malaysia’s first digital sukuk, the rm500 million sukuk prihatin that was launched today, may be subscribed to with a minimum investment of rm500, with no maximum limit. it was issued following requests from various quarters to contribute towards the country’s economic recovery efforts, said finance minister tengku. Business category · august 18, 2020 malaysia launches 500 million ringgit sukuk for covid 19 recovery. malaysia's finance ministry on tuesday launched a 500 million ringgit ($119.45 million.
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