Published on 26 February
2014
RAM Ratings has assigned a final AA3/Stable
rating to AmIslamic Bank Berhad’s (the Bank) proposed RM3 billion Subordinated Sukuk
Murabahah Programme (the Proposed Sukuk Programme), which is Basel-III
compliant. At the same time, we have reaffirmed AmIslamic’s AA2/Stable/P1
financial institution ratings, along with the ratings of its outstanding sukuk.
|
Instrument
|
Rating
|
|
AmIslamic Bank
Berhad
|
|
|
Proposed RM3
billion Subordinated Sukuk Murabahah Programme
|
AA3/Stable
|
|
RM2 billion
Subordinated Sukuk Musharakah Programme (2011/2026)
|
AA3/Stable
|
|
RM3 billion
Senior Sukuk Musharakah Programme (2010/2040)
|
AA2/Stable
|
The financial institution ratings of
AmIslamic reflect its strategic importance as AMMB Holdings Berhad’s (AmBank
Group, rated AA3/Stable/P1 by RAM) Islamic banking arm, and also the Bank’s
highly integrated operations with those of its sister bank, AmBank (M) Berhad
(rated AA2/Stable/P1) under the universal-banking platform. AmIslamic leverages
on AmBank’s risk-management systems, infrastructure and extensive branch
network as well as channels.
Media contact
Cheryl Yong
(603) 7628 1072
cheryl@ram.com.my
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