close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Malaysia’s Cagamas sells 3-yr sukuk at 3.48 pct yield

The Cagamas issuance was jointly managed by the Malaysian units of Saudi bank Al Rajhi and The Royal Bank of Scotland and RHB Investment Bank Berhad.

0

August 18, 2010 2:44 by



Malaysia’s national mortgage firm Cagamas said on Wednesday it has sold 1 billion ringgit ($317.1 million) in three-year tradeable sukuk at a yield of 3.48 percent.

The paper, which is part of a 5 billion ringgit fund raising programme, had a subscription rate of 2.7 times, Cagamas said in a statement.

Offshore investors took up 43 percent of the issue, and Middle East investors accounted for a third, it said.

The sukuk is based on a novel structure designed to enable Middle Eastern investors to trade the paper in secondary markets and is aimed at helping to narrow the differences in sharia interpretation between the Gulf and Southeast Asia.

Secondary sukuk trading is a contentious point within the $1 trillion Islamic finance industry, with religious scholars divided on whether debt can be sold to a party other than the creditor.

The Cagamas issuance was jointly managed by the Malaysian units of Saudi bank Al Rajhi and The Royal Bank of Scotland and RHB Investment Bank Berhad . Al Rajhi and Amanie Business Solutions were the sharia advisers.

(Reporting by Liau Y-Sing; Editing by Niluksi Koswanage)



0

Tags: ,

Leave a Comment