Khazanah, SC Price Malaysia’s First RM100 Mln tokenised Sukuk
KUALA LUMPUR, April 28 (Bernama) -- Khazanah Nasional Bhd, in partnership with the Securities Commission Malaysia (SC), has priced Malaysia’s first tokenised sukuk with a nominal value of RM100 million.
This marked an important step in the application of digital technologies to support the future development of Malaysia’s domestic capital market.
A tokenised bond (or sukuk) is a digital representation of a capital market product created using Distributed Ledger Technology (DLT), typically in the form of a token, where tokenisation produces a cryptographically secure and immutable “digital twin” of the underlying asset.
“As Malaysia’s sovereign wealth fund, Khazanah’s role is not only to generate returns, but also to support the development of the domestic capital market.
“This tokenised sukuk, in collaboration with the SC, reflects that role by taking a practical step towards exploring how digital technology can improve how we issue and manage capital market instruments,” said Khazanah managing director Datuk Amirul Feisal Wan Zahir in a joint statement today.
He added that Khazanah remains committed to advancing Malaysia’s capital markets in a purposeful, measured and responsible manner.
"This pilot represents an important step in building the capabilities, confidence and ecosystem required for a more digitally enabled future and ensuring that innovation is anchored in strong governance, aligned with existing frameworks, and ultimately delivers long-term value to the nation," he said.
According to the joint statement, the issuance forms part of the Sukuk Danum Programme – an Islamic Medium-Term Notes (IMTN) programme of up to RM20 billion in nominal value, with a one-year tenure for the inaugural tranche, structured based on the Shariah principle of Wakalah bi al-Istithmar.
The parties said that by merging Shariah-compliant assets with DLT, the initiative aims to enhance accessibility, efficiency and transparency within the capital market, allowing 24/7 access to information to relevant stakeholders.
“The modernisation of the sukuk issuance process reinforces Malaysia’s leadership in Islamic finance innovation and sets a new digital benchmark for the domestic capital market,” they said.
-- BERNAMA