Launch Partners

Monday, April 15, 2024

Launch Partners

CIMB Islamic Bank enters into sustainable transaction with Standard Chartered Saadiq Malaysia

MALAYSIA: CIMB Islamic Bank has entered into a RM1 billion (US$226.99 million) sustainable collateralized commodity Murabahah (CCM) transaction with Standard Chartered Saadiq Malaysia, a statement confirmed. All transaction proceeds of the CCM will be channeled to eligible Shariah compliant assets and projects aligned with CIMB Group’s Sustainable Development Goals Bond and Sukuk framework.

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