Business Blog

RAM Ratings has reaffirmed the enhanced AAA(s) rating of KL International Airport Berhad's (KLIA Berhad or the Company) RM4.06 billion Bai' Bithaman Ajil Notes Issuance Facility (2003/2015) (KLIA Notes Facility), with a stable outlook.

The World Bank plans to raise as much as USD 500 million worth of Islamic bonds, or sukuk, this year to help fund an immunisation programme, one of several initiatives from the multilateral body in the Islamic finance sector.

The World Bank plans to raise as much as USD 500 million worth of Islamic bonds, or sukuk, this year to help fund an immunisation programme, one of several initiatives from the multilateral body in the Islamic finance sector.

RAM sees great potential in Green Sukuk, in tandem with the increased interest in both Shariah-compliant and ethical investment.

CIMB Islamic, the sharia compliant unit of Malaysia's second-biggest lender, said it will pursue a larger balance sheet to help win more business, regardless of whether a proposed merger with two smaller peers happens.

Oman is expected to issue 500 million rials ($1.3 billion) worth of conventional and Islamic sovereign debt early next year, and aims to choose the arranging banks in October, said the head of the country's first full-fledged Islamic bank.