<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 15): Bank Islam Malaysia Bhd (KL:BIMB) said on Monday it has issued RM1 billion in senior sukuk murabahah under its RM10 billion sukuk murabahah programme, which was lodged with Securities Commission Malaysia in 2018.</p></div>

<div class=newsTextDataWrapInner><p>In a statement, Bank Islam said the issuance of the senior sukuk murabahah received an “overwhelming response" from investors, with a bid-to-cover ratio of over 3.2 times the issuance size after upsizing from RM500 million.</p></div>

<div class=newsTextDataWrapInner><p>The two-series senior sukuk murabahah will see series-1 with a nominal value of RM400 million and a five-year tenure. Meanwhile, series-2 will feature a nominal value of RM600 million, with a seven-year tenure.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It said proceeds from this sukuk issuance will be utilised for its banking activities, working capital requirements and other corporate needs.</p></div>

<div class=newsTextDataWrapInner><p>The sukuk murabahah is rated AA3/stable by RAM Ratings Services Bhd. It offers fixed profit rates of 4.01% and 4.13% per annum.</p></div>

<div class=newsTextDataWrapInner><p>Bank Islam is the principal adviser, lead arranger, lead manager and shariah adviser for the sukuk murabahah programme.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Bank Islam closed one sen or 0.40% higher at RM2.50 on Monday, valuing the company at RM5.67 billion.</p></div>


Bank Islam Malaysia Bhd (KL:BIMB) said on Monday it has issued RM1 billion in senior sukuk murabahah under its RM10 billion sukuk murabahah programme, which was lodged with Securities Commission Malaysia in 2018.

Bank Islam issues RM1b senior sukuk murabahah

KOTA KINABALU (Sept 16): The federal government is determined to uplift the dignity of all states, particularly those in rural, remote and urban poverty-stricken areas, Prime Minister Datuk Seri Anwar Ibrahim said.

PM: Uplifting rural, impoverished urban areas a key federal priority

KUALA LUMPUR (Sept 16): Bank Rakyat assured that its banking system remains safe and always prioritises the interest of customers, following an allegation that went viral on social media recently.

Bank Rakyat assures its system remains secure after attempted data breach on Sept 3

(Sept 16): Washington’s envisioned clampdown on the tax-free import of Chinese goods imposes one more layer of uncertainty on consumer-sector mavens from Alibaba Group Holding Ltd to Temu, who are already struggling to cope with a consumer crisis back home.

US crackdown on cheap Chinese goods adds to Temu, Shein woes

GANDHI NAGAR, Gujarat (Sept 16): Reliance and Adani, India's two biggest conglomerates, and other firms committed to help the country reach its goal of 500 gigawatts (GW) of clean energy by 2030, while financial companies vowed US$386 billion (RM1.66 trillion) in funding, the renewable energy minister said on Monday.

India gets US$386b funding for renewables target; Reliance, Adani pledge commitments

PRAGUE/GDANSK (Sept 16): Factories and stores across central Europe shut down production lines and closed their doors on Monday due to flooding that has killed at least 10 people, forced tens of thousands to evacuate and submerged towns from Poland to Romania.

Central Europe factories and retailers shut in flood-hit areas

KUALA LUMPUR (Sept 16): The Unity Government released on Monday, drafts of the Memorandum of Understanding (MOU) to demonstrate its transparency in the negotiations regarding allocations for Opposition Members of Parliament (MPs).

Govt releases MOU drafts on allocations for Opposition MPs

KUALA LUMPUR (Sept 16): The death of a doctor stationed in Lahad Datu, Sabah, must be thoroughly investigated, says Health Minister Datuk Seri Dr Dzulkefly Ahmad.

Death of Lahad Datu doctor must be thoroughly investigated — health minister

(Sept 16): Singapore is prepared to make “bold changes” to regulatory structures in an attempt to revive its languishing stock market, according to its second minister for finance.

Singapore ready to make ‘bold changes’ to revive stock market

KUANTAN (Sept 16): The Sultan of Pahang Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah on Monday said that he does not want any teaching that deviates from the Ahli Sunnah Wal Jamaah (ASWJ) Islamic faith to gain a foothold in the state.

Don’t let deviant teachings gain foothold in Pahang — Al-Sultan Abdullah

(Sept 16): The yen advanced past the key psychological level of 140 against the dollar, as the Japanese currency extended its rally from the weakest point in nearly 38 years in July.

Yen strengthens beyond 140 per dollar for first time since 2023

<p>ALOR SETAR (Sept 16): Dozens of Malaysian holiday-goers wishing to go to Thailand over the long weekend had their dreams crashed at the border gate due to passport issues, income tax arrears, customs tax, and unresolved old criminal cases.</p>


Dozens of Malaysian holiday-goers can’t cross to Thailand due to passport issues, tax arrears — Kedah Immigration director

<p>(Sept 16):&nbsp;Singapore is prepared to make “bold changes” to regulatory structures in an attempt to revive its languishing stock market, according to its second minister for finance.</p>


<p>(Sept 16):&nbsp;A brief recovery in Singapore new home-sales ran out of steam, as transactions fell to its lowest level since February.</p>


Singapore home sales plunge again due to lack of supply

<p>KUALA LUMPUR (Sept 16): The Unity Government&nbsp;released on Monday, drafts of the Memorandum of Understanding (MOU) to demonstrate its transparency in the negotiations regarding allocations for Opposition Members of Parliament (MPs).</p>


<p>PUTRAJAYA (Sept 16): The report on the proposal for mandatory halal certification is nearing completion and is set to be presented to the Cabinet this Wednesday, according to the Minister in the Prime Minister's Department (Religious Affairs) Datuk Dr Mohd Na'im Mokhtar.</p>


Halal certification report to be presented to Cabinet this Wednesday — minister

<p>KUANTAN (Sept 16): The Sultan of Pahang&nbsp;Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah on Monday said that he does not want any teaching that deviates from the Ahli Sunnah Wal Jamaah (ASWJ) Islamic faith to gain a foothold in the state.</p>


<p>(Sept 16):&nbsp;Washington’s envisioned clampdown on the tax-free import of Chinese goods imposes one more layer of uncertainty on consumer-sector mavens from Alibaba Group Holding Ltd&nbsp;to Temu, who are already struggling to cope with a consumer crisis back home.</p>


<p>(Sept 16):&nbsp;The yen advanced past the key psychological level of 140 against the dollar, as the Japanese currency extended its rally from the weakest point in nearly 38 years in July.</p>


<p>KUALA LUMPUR (Sept 16): The death of a doctor stationed in Lahad Datu, Sabah, must be thoroughly investigated, says Health Minister Datuk Seri Dr Dzulkefly Ahmad.</p>


<p>GANDHI NAGAR, Gujarat (Sept 16): Reliance and Adani, India's two biggest conglomerates, and other firms committed to help the country reach its goal of 500 gigawatts (GW) of clean energy by 2030, while financial companies vowed US$386 billion (RM1.66 trillion) in funding, the renewable energy minister said on Monday.</p>


<p>KUALA LUMPUR (Sept 16): Bank Rakyat assured that its banking system remains safe and always prioritises the interest of customers, following an allegation that went viral on social media recently.</p>


<p>PRAGUE/GDANSK (Sept 16): Factories and stores across central Europe shut down production lines and closed their doors on Monday due to flooding that has killed at least 10 people, forced tens of thousands to evacuate and submerged towns from Poland to Romania.</p>


<p>KOTA KINABALU (Sept 16): The federal government is determined to uplift the dignity of all states, particularly those in rural, remote and urban poverty-stricken areas, Prime Minister Datuk Seri Anwar Ibrahim said.</p>
