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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Sep 29, 2023
A looming shift in the way US equity trades are settled is sending unintended shock waves through the US$7.5 trillion-a-day global market for foreign exchange (FX).
Sep 24, 2023
SC Chairman outlines major plans at Invest Malaysia forum in New York
Sep 21, 2023
The central bankers@ central bank, the Bank for International Settlements, has urged investors to hunker down for an extended spell of unpredictability in global interest rates, as well as rising pressures in the financial system.
Sep 07, 2023
At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent.
Sep 05, 2023
MOODY@s Investors Service said global sukuk issuance will continue to decline this year on lower volumes from major sovereign issuers, mostly reflecting an improving fiscal position across the Gulf Cooperation Council (GCC) countries and Southeast Asia.
Aug 21, 2023
Investors are flocking to fixed-income assets like bonds to preserve capital and income as well as ensure stability in their investments due to a challenging business climate.
Aug 21, 2023
The US backlash against investment strategies that incorporate environmental, social and governance (ESG) issues is forcing borrowers to be more thorough when labelling bonds, a positive development for the US$6 trillion (RM28 trillion) ethical debt market, according to Morgan Stanley.
Sep 29, 2023
As Facility Agent of the abovementioned ASEAN Green SRI Sukuk Murabahah Programme, we hereby announce on behalf of the Issuer that the profit payment for the Tranche 1 Series 1 Sukuk Murabahah (stock code: VS230270) will be due and payable on 13 October 2023. Please be notified accordingly. ...
Sep 29, 2023
RAM Ratings has assigned a final AA2/Stable rating to reNIKOLA Solar II Sdn Bhd's (reNIKOLA Solar II or the Issuer) RM390 mil ASEAN Green SRI Sukuk Programme (2023/2041). In doing so, we have reviewed all relevant transaction documents and assumptions applied and found them to be in line with our...
Sep 26, 2023
Reference is made to our announcement dated 25 August 2023 in relation to the Special Resolutions. As Facility Agent of the abovementioned ASEAN Green SRI Sukuk Murabahah Programme, we hereby announce on behalf of the Issuer that the Special Resolutions have been approved by the Sukukholders. ...
Sep 21, 2023
MARC Ratings has affirmed its AA-IS rating on UiTM Solar Power Dua Sdn Bhd's (UiTM Solar Dua) outstanding RM92.0 million Green Sustainable and Responsible Investment (SRI) sukuk with a stable outlook. UiTM Solar Dua owns and operates a 25MWac solar power plant in Pasir Gudang, Johor. The...
Sep 13, 2023
RAM Ratings has affirmed the AA3/Stable rating of Tadau Energy Sdn Bhd's (Tadau or the Company) RM250 mil SRI Sukuk Programme (2017/2033) (the Sukuk). The rating is premised on the sound operational performance of Tadau's two solar photovoltaic plants in Kudat, Sabah, with nominal capacities...
Sep 06, 2023
RAM Ratings has upgraded from AA2/Stable to AA1/Stable the rating of UEM Group Berhad's (UEM or the Group) RM2.2 bil Islamic Medium-Term Notes (IMTN) Programme (2012/2042), issued through funding vehicle United Growth Berhad (United Growth). We have also assigned an AA1(s)/Stable rating to the...
Sep 01, 2023
MARC Ratings has affirmed its rating of A+IS on UiTM Solar Power Sdn Bhd's (UiTM Solar) outstanding Green Sustainable and Responsible Investment Sukuk of RM182.3 million and revised the outlook to positive from stable. The outlook revision reflects the improved operational performance of UiTM...
Sep 01, 2023
MARC Ratings has affirmed its rating of A+IS on UiTM Solar Power Sdn Bhd's (UiTM Solar) outstanding Green Sustainable and Responsible Investment Sukuk of RM182.3 million and revised the outlook to positive from stable. The outlook revision reflects the improved operational performance of UiTM...
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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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