| Khazanah, Malaysia’s sovereign wealth fund, yesterday announced plans to issue a sukuk (Islamic bond) worth up to RM1 billion to help fund schools. The fund’s managing director Tan Sri Azman Mokhtar, speaking to Reuters on the sidelines of an Islamic finance function here, said the planned “social impact sukuk” is awaiting regulatory approval from Malaysian financial regulators.
Approval, said Azman, could come within two months. Khazanah, which holds a portfolio worth about RM112 billion, said the move is aimed at opening funding for education to a broad pool of investors rather than financing it out of its own reserves...............................................Full Article: Source
|