From Arabnews.com: The acronym of the latest sukuk issued by Cagamas Berhad, the National Mortgage Corporation of Malaysia and leading securitization house, which was developed in collaboration with Al-Rajhi Bank of Saudi Arabia, is certainly catchy - “Sukuk ALIM”.
The structure, Sukuk Al-Amanah Li Al-Istithmar (Sukuk ALIM), which took over a year to structure and which was issued last week under Cagamas’s RM5 billion Islamic Commercial Paper (ICP) and Islamic Medium Term Note (IMTN) Programs, has been hailed as “first-of-its-kind”, “innovative” and one which would supposedly satisfy investors from a Shariah compliance point of view bridging Asia and the Middle East……………………………………….Full Article: Source