By anas on Tuesday, 24 June 2014
Category: Muslim Businesses Blog

Malaysia's Bank Muamalat to raise up to 2 bln rgt with sukuk

KUALA LUMPUR, June 24 (Reuters) - Malaysia&aposs Bank MuamalatBUKHCM.UL , a unit of sovereign fund Khazanah and auto-to-property conglomerate DRB-Hicom Bhd DRBM.KL , will raise up to 2 billion ringgit ($621.7 million) with Islamic bonds, credit agency Malaysian Rating Corp Bhd (MARC) said on Tuesday.MARC gave the sukuk programme a preliminary rating of A or &aposstable&apos to reflect the bank&apo
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