Malaysia launches 500 million ringgit sukuk for COVID-19 recovery

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Malaysia's finance ministry on Tuesday launched a 500 million ringgit ($119.45 million) sukuk as part of the government's efforts to raise funds for their coronavirus economic recovery plan.

FILE PHOTO: Passengers wearing protective masks wait in line at a bus station, amid the coronavirus disease outbreak in Kuala Lumpur, Malaysia August 11, 2020. REUTERS/Lim Huey Teng

KUALA LUMPUR - Malaysia’s finance ministry on Tuesday launched a 500 million ringgit sukuk as part of the government’s efforts to raise funds for their coronavirus economic recovery plan. The Sukuk Prihatin will be offered on digital banking platforms from Aug 18 to Sept 17, offering a 2% profit rate over a two-year maturity period, according to a statement from the ministry.

 

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they have many billionaires with billions to spare so ask them

If they got all the money back the political class had grifted off them over the past 50 years they wouldn’t need a sukuk! mahatirnext

also a lie

Malaysia has been the best to the point where it is a very strong system

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