News Column

RHB gets nod to issue RM1m sukuk plan

February 18, 2014

KUALA LUMPUR: RHB Capital Bhd's wholly-owned subsidiary, RHB Islamic has received the approval from the Securities Commission to issue up to RM1 million of subordinated sukuk programme. The bank had on December 20 2013 obtained Bank Negara Malaysia's nod for the proposed sukuk murabahah. The proceeds raised will be utilised for RHB Islamic's working capital and general banking purposes.

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Source: Business Times (Malaysia)

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