Khazanah, Malaysia’s sovereign wealth fund, has issued a RM100 million ($25m) tokenized sukuk in collaboration with the Securities Commission Malaysia. Sukuks are often referred to as Islamic bonds but differ significantly from conventional bonds. Bonds are debt instruments, whereas sukuks involve ownership of an asset and an associated return. If the asset is real estate, the return is likely to be rental income.
“This pilot represents an important step in building the capabilities, confidence and ecosystem required for a more digitally enabled future and ensuring that innovation is anchored in strong governance, aligned with existing frameworks, and ultimately delivers long-term value to the nation,” said Dato’ Amirul Feisal Wan Zahir, Managing Director of Khazanah.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
