DanaInfra’s first ever exchange traded Sukuk successfully created a new asset class for retail investors. By reaching beyond institutional investors, high net worth individuals, and financial institutions, DanaInfra Retail Sukuk promises to bring greater liquidity to the Islamic capital markets by tapping the deeper pool of national savings.
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KUALA LUMPUR/SYDNEY: Issues of Islamic bonds targeting retail investors in Indonesia, Malaysia and Pakistan could broaden the appeal of sharia-compliant financial products, create a more active investor base and convince more companies to raise funds with sukuk.Last year saw the first-ever issue in Malaysia of retail sukuk, which are offered to the public rather than being sold to banks or placed with large institutional investors.
The Malaysian issue was followed this month by Karachi’s electric utility; Indonesia’s finance ministry has been offering sovereign paper to the mass market since 2008.
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[KUALA LUMPUR] Malaysia's DanaInfra Nasional Bhd, created by the finance ministry to raise funds for the country's largest infrastructure project, may issue and list on the stock exchange this year as many as two Islamic bonds worth RM100 million (S$38.5 million) each, an official with the bourse said.
"We are in engagement with them, and definitely we will see at least one or two issuances this year," Jamaluddin Nor Mohamad, head of Islamic and alternative markets at Bursa Malaysia, said in an interview.
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Last year, the Fiscal Policy Committee (FPC) decided that priority will be given to jobs with low import content and high-multiplier effects, while those with high import components will be sequenced, to narrow the government's fiscal deficit gap and bolster shrinking current account surplus.
Parties with interest in the Klang Valley MRT Line 2 project argued that any delay will result in rising cost and economic benefits foregone. There is also this simplistic view where contractors will be selling off unused machines and even let go employees if Line 2 is not approved. Lines 2 & 3 are seen as a provider of longer-term jobs for the construction sector.
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KUALA LUMPUR: DanaInfra Nasional Bhd, created by the Finance Ministry to raise funds for the country’s largest infrastructure project, may issue and list on the stock exchange this year as many as two Islamic bonds worth RM100mil each, according to a Bursa Malaysia official.
“We are in engagement with them, and definitely we will see at least one or two issuances this year,” Jamaluddin Nor Mohamad, head of Islamic and alternative markets at Bursa Malaysia, said in an interview.
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Feb 23 (Reuters) - Malaysia's DanaInfra Nasional Bhd, created by the finance ministry to raise funds for the country's largest infrastructure project, may issue and list on the stock exchange this year as many as two Islamic bonds worth 100 million ringgit ($30.4 million) each, an official with the bourse said.
"We are in engagement with them, and definitely we will see at least one or two issuances this year," Jamaluddin Nor Mohamad, head of Islamic and alternative markets at Bursa Malaysia, said in an interview.
Read more...
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DanaInfra Nasional Berhad (934765-U)
Level 7, Bangunan Setia 1,
15 Lorong Dungun, Bukit Damansara,
50490 Kuala Lumpur.
Tel: +603 2096 8877
Fax: +603 2096 8981
Email : info@danainfra.com.my
