Saturday 19 Sep 2026
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KUALA LUMPUR (May 13): Malayan Banking Bhd (KL:MAYBANK) announced that it has completed the issuance of RM1.2 billion in subordinated sukuk murabahah under its sukuk programme of up to RM30 billion.

In a bourse filing with Bursa Malaysia, Maybank said the sukuk qualifies as Tier 2 capital for the bank. This aligns with Bank Negara Malaysia’s capital adequacy framework that sets credit risk capital calculation standards in accordance with international Basel III standards.

Proceeds from the issuance will be deployed for shariah-compliant purposes, including investments in approved Islamic financial instruments, funding Islamic business activities across its subsidiaries and overseas branches, as well as other eligible business activities, it said.

The sukuk issuance, comprising three tranches with maturities ranging from 10 to 15 years, has been assigned an AA1 rating with a stable outlook by credit rating agency RAM Rating Services Bhd.

Maybank shares closed six sen or 0.5% lower at RM11.18 on Wednesday, valuing the banking group at RM135.2 billion.

Edited ByTan Choe Choe
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