Malaysia’s national mortgage corporation, Cagamas, on March 28 announced that it has successfully issued a multi-tenured 500 million ringgit (USD167 million) sukuk wakala bil istithmar, representing the first of its kind in the country.
The innovative offering is expected to broaden and diversify Cagamas’ investor base by enhancing the secondary market liquidity of its sukuk through the increased participation of Shariah compliant investors, who would normally hold sukuk, which is deemed as debt instrument until maturity………………………………………..Full Article: Source