28.03.2012 - Cagamas issues RM500mln Wakalah Sukuk
Cagamas Bhd has issued a multi-tenured RM500mil Malaysia's first-of-its-kind Wakalah Bil Istithmar sukuk. The structure of the product involved the co-mingling, or mixing together, of debts (arising from a commodity murabahah transaction) with equity assets constituting an investment (istithmar) portfolio which meets the Accounting and Auditing Organisation for Islamic Financial Institutions standards, Cagamas said in a statement...............................................Full Article: Source
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