Malaysian Airlines (MAS) has proposed the world’s first corporate perpetual sukuk, a debt-equity hybrid, its top official said, hoping to raise up to 2.5 billion ringgit ($798 million) from the Asian state’s Islamic capital markets.
The structure, approved last week by the country’s regulator, further blurs the traditional definition of sukuk as a fixed-income instrument and aligns it closer to an equity instrument, as viewed by industry purists………………………………………..Full Article: Source