What does the future hold for Islamic finance?

After remaining resilient in 2020, the Islamic finance segment is performing strongly this year, as an improved economic environment, a rise in the number of large projects and an increased focus on environmental, social and governance (ESG) factors combine to drive demand. Despite the twin challenges of Covid-19 and the fall in global oil prices, […]

RAM affirms rating for Tadau Energy’s RM250m green sukuk

KUALA LUMPUR: RAM Ratings has reaffirmed the rating of Tadau Energy Sdn Bhd’s RM250mil sustainable and responsible investment (SRI) green sukuk  – the world’s first ever sukuk of its kind. It said on Friday it had affirmed the AA3/Stable rating for the sukuk (2017/2033) due to its strong debt-servicing ability. RAM Ratings expects record steady […]

No immediate liquidity concern from Tadau’s plant delay — RAM

KUALA LUMPUR (July 3): There is no immediate liquidity concern arising from the delayed commissioning of solar energy firm Tadau Energy Sdn Bhd’s 48MWac solar photovoltaic plant in Kudat, Sabah, known as Unit 2, RAM Rating Services Bhd said today. The rating agency said the delay has exceeded its assumption of three months, that is, […]

Solar energy firm Tadau raises RM250m via Malaysia’s first green sukuk

KUALA LUMPUR: Solar energy firm Tadau Energy Sdn Bhd said it successfully issued RM250 million worth of sustainable responsible investment (SRI) sukuk yesterday, making it the first green sukuk issued in Malaysia. In a joint press statement, Tadau and Affin Hwang Investment Bank Bhd said the proceeds raised will be used to finance a 50MWac […]