RM500 million sukuk issuance to fund micro-enterprises, infectious disease research

Malaysia is set to tap the debt market with the issuance of RM500 million "sukuk prihatin" in Q3 2020 to fund, among others, micro-enterprises and research grants for infectious diseases.

Prime minister Muhyiddin Yassin announced today that the issuance of the Islamic debt instrument is to enable Malaysians to join the government in supporting post-recovery measures of the Covid-19 pandemic.