Thursday 13, February 2014 by Matthew Amlôt

RAM Ratings rates first Basel-III compliant Sukuk in Malaysia by AmIslamic

RAM Ratings has assigned a preliminary AA3/Stable rating to AmIslamic Bank Berhad’s (the Bank) proposed MYR 3 billion Subordinated Sukuk Murabahah Programme (the Proposed Sukuk Programme), which is Basel–III compliant. At the same time, RAM have reaffirmed AmIslamic’s financial institution ratings at AA2/Stable/P1, along with the ratings of the Bank’s outstanding Sukuk.

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