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IDB establishes First Local Currency Sukuk Programme in Malaysia
Saudi Press Agency Published in Saudi Press Agency on 03 - 08 - 2008

A team of officials led by Dato' Syed Ja'afar Aznan, Vice President of Islamic Development Bank (IDB) visited Kuala Lumpur for the signing of a RM (Ringgit Malaysia) 1.0 billion Sukuk programme, according to a latest press release issued by IDB in Jeddah.
The regulators namely bank Negara Malaysia (Central Bank of Malaysia); the Securities Commission and the Ministry of Finance have already given their approval for the establishment of the programme and issuance of Sukuk there.
The joint lead arrangers for the programme are CIMB Investment Bank Berhad and Standard Chartered Bank Malaysia Berhad whilst the co-lead manager is RHB Islamic Bank Berhad. The legal counsel for the transaction is Zaid Ibrahim & Co.
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