The world is changing across all fronts, necessitating transformational thinking and attitudes to adapt and then to grow. The same transformation is happening around us in the capital market, with more and more issuers and investors are seeking to make an impact with their investments, by exploring Sustainable and Responsible Investment (SRI).
Today, SRI have transformed from niche products into mainstream capital market offerings, as more discerning investors shift towards climate friendly activities, to minimise their impact on the planet. In fact, the capital market plays a critical role in providing funding to drive SRI.
In realising the world’s sustainable development needs, a significant amount of funding is required. Based on estimates by the United Nations Conference on Trade and Development (UNCTAD), to achieve the global Sustainable Development Goals (SDGs), the world would need total investment of between US$5.0 trillion and US$7.0 trillion (RM17.5 trillion and RM24.5 trillion) per annum until 2030.
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Mar 06, 2023
When it comes to investment portfolio management, many investors tend to focus on equities, as they are often seen as the most exciting and potentially profitable asset class. However, [email protected] important not to overlook the role of bonds in a well-diversified portfolio.
Feb 10, 2023
In Malaysia, local government bonds saw gains due to the reopening of China and declining inflationary pressure. The sale of a 3-year government bond attracted strong demand. The corporate bond market in Malaysia saw a record high in issuances, with yields falling for all maturities. Foreign...
Jan 04, 2023
Development of SRI had been earmarked as a key growth area for the Malaysian capital markets under the Capital Market Masterplan (2001-2010). In 2014, the SC introduced the SRI Sukuk Framework @ now recognised as a pioneering regulatory development that integrates the principles of Shariah with...
Jan 03, 2023
Malaysia and Indonesia stand as the two largest issuers of Sukuk in Southeast Asia as well as the second- and third-largest in the world respectively, behind Saudi Arabia. Both countries have situated themselves as leaders in the recent shift toward sustainability in Islamic finance. Regulations...
Dec 22, 2022
Investors may view bonds as a relatively stable investment offering regular income and understand they are a form of debt used by companies and governments. However, when it comes to the ins and outs of bond pricing and performance, many investors may find a gap in their knowledge.
Dec 21, 2022
Malaysia has formulated various policies to drive its economic development and transformation toward becoming a high-income and sustainable nation. The Shared Prosperity Vision 2030, which was introduced in 2019, has underscored Islamic finance and an Islamic digital economy as among the key...
Dec 21, 2022
There is little doubt in the minds of financial market participants that Islamic finance has a natural affinity with sustainability. The underlying ethos is quite similar: making an investment decision on the basis of more than just profit. In addition, the typical negative screening list of the...
Mar 22, 2023
MARC Ratings has revised the outlook on UiTM Solar Power Sdn Bhd's outstanding RM192.3 million Green SRI Sukuk to stable from negative. The rating on the sukuk is maintained at A+IS. The outlook revision considers the improvement in UiTM Solar's liquidity and cash flow coverage metrics...
Mar 13, 2023
MARC Ratings has affirmed its AA-IS rating on Sinar Kamiri Sdn Bhd's outstanding RM200.0 million Green Sustainable and Responsible Investment (SRI) Sukuk Wakalah. The outlook on the rating is stable. The performance of Sinar Kamiri's 49MWac solar power plant remained within expectations in...
Feb 24, 2023
Telekosang Hydro One Sdn Bhd (TH1 or the Issuer) reached the feed-in-tariff commencement date (FiT CD) for its 24 MW small hydro power plant (Plant 1) on 15 February 2023, a little later than the earlier targeted end-December 2022 completion date. RAM Ratings' last update on the Issuer was...
Feb 21, 2023
RAM Ratings has assigned a preliminary rating of AAA/Stable to the proposed up to RM87.0 mil ASEAN Green Senior Class Medium Term Notes (Senior Class MTNs) to be issued under Eternal Icon Sdn Bhd's (the Issuer) RM400.0 mil MTN Programme. This will be the first ASEAN Green MTNs in Malaysia backed...
Feb 10, 2023
RAM Ratings has assigned a long-term preliminary rating of AA2/Stable to Solarpack Suria Sungai Petani Sdn Bhd's (3SP, the Company) proposed ASEAN Green SRI Sukuk Wakalah of up to RM305 mil (2023/2043) (Proposed Sukuk). Proceeds from the Proposed Sukuk will be utilised to refinance the bridging...
Feb 08, 2023
RAM Ratings has reaffirmed the AAA/Stable rating of Pengurusan Air SPV Berhad's (PASB or the Company) RM20 bil Islamic Medium-Term Notes (IMTN) Programme and the P1 rating of its RM2 bil Islamic Commercial Papers (ICP) Programme. The ICP Programme may also be issued as a sustainability sukuk. RAM...
Jan 17, 2023
Solar Management (Seremban) Sdn Bhd (''SMS'' or ''Issuer'') Islamic Medium Term Notes (''IMTN'') issuance of up to RM260.0 million in nominal value based on the Shariah principle of Murabahah (via Tawaruq Arrangement) ("Asean Green SRI Sukuk") ===================================================...
Dec 19, 2022
Solar Management (Seremban) Sdn Bhd (''SMS'' or ''Issuer'') Islamic medium term notes (''IMTN'') issuance of up to RM260.0 million in nominal value based on the Shariah principle of Murabahah (via Tawaruq Arrangement) ("Asean Green SRI Sukuk") =================================================...
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reNIKOLA Solar Sdn Bhd 1366812MIssuance Date - 11 May 2021 |
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UiTM Solar Power Dua Sdn Bhd 650095WIssuance Date - 5 March 2021 |
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Cagamas BhdIssuance Date - 26 October 2020 |
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.png?width=100&height=100&ext=.png "Solar Management (Seremban) Sdn Bhd 1022517K")
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Solar Management (Seremban) Sdn Bhd 1022517KIssuance Date - 21 Oct 2020 |
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Ihsan Sukuk Berhad 1117716PIssuance Date - 18 Jun 2015 |
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Tadau Energy Sdn Bhd 1148988KIssuance Date - 27 Jul 2017 |
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Quantum Solar Park (Semenanjung) Sdn Bhd 1200950DIssuance Date - 6 Oct 2017 |
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PNB Merdeka Ventures Sdn. Bhd 517991AIssuance Date - 29 Dec 2017 |
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Segi Astana Sdn Bhd 916663HIssuance Date - 8 Jan 2018 |
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Sinar Kamiri Sdn Bhd 851378XIssuance Date - 30 Jan 2018 |
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UiTM Solar Power Sdn Bhd 1211613PIssuance Date - 27 Apr 2018 |
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HSBC Amanah Malaysia Berhad 807705XIssuance Date - 2 Oct 2018 |
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Pasukhas Green Assets Sdn Bhd 1293491HIssuance Date - 28 Feb 2019 |
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Telekosang Hydro One Sdn Bhd 1242773KIssuance Date - 6 Aug 2019 |
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Cypark Ref Sdn Berhad 1287000TIssuance Date - 11 Oct 2019 |
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Edra Solar Sdn Berhad 1057995UIssuance Date - 11 Oct 2019 |
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Leader Energy Sdn Bhd 1234122XIssuance Date - 16 July 2020 |
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Agroto Business (M) Sdn Bhd 201201000811Issuance Date - 5 August 2021 |
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Several incentives are provided to encourage the issuances of SRI sukuk in the market. These include the income tax deduction on the issuance costs of SRI sukuk which was first provided from the year of assessment (YA) 2016 to YA 2020, and has now been extended for three years from YA 2021 to YA 2023.
A Green SRI Sukuk Grant Scheme was also established to incentivise issuers by offsetting up to 90% of external review costs incurred in the issuance of green SRI sukuk. For more information on the application for the Green SRI Sukuk Grant Scheme, please refer to here
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