Full redemption of Sukuk Prihatin, Malaysia’s first digital sukuk - Tengku Zafrul

Full redemption of Sukuk Prihatin, Malaysia’s first digital sukuk - Tengku Zafrul

3 days ago

KUALA LUMPUR - The government is pleased to announce the maturity of its two-year Sukuk Prihatin, which was launched on Sept 22, 2020, and fully redeemed today. According to Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, the Sukuk Prihatin issuance, which had to be upsized by RM166.42 million due to overwhelming response, was subscribed by 2,436 individuals and corporate holders with a final total subscription value of RM666.42 million. "Proceeds from the issuance were channelled to the COVID-19 Fund to finance, among others, micro-credit loans under Bank Simpanan Nasional and TEKUN Nasional, special assistance for students of higher education institutions, e-Commerce campaigns for SMEs and micro enterprises as well as public healthcare expenses in addressing the pandemic,” he said in a statement today. Tengku Zafrul said the government would like to convey its appreciation to those who had subscribed to the sukuk, particularly to the 95 Sukuk Prihatin holders who opted to contribute their principal subscription amount to the government."In upholding the spirit of Keluarga Malaysia, the government will channel the entire donated contribution totalling RM2.6 million to Akaun Amanah Bencana which will support, among others, the repair of damaged infrastructure and public facilities and financial relief for victims of natural disasters.

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