RAM Ratings maintains surveillance on Bank Muamalat Malaysia Berhad's (the Bank) A2/Stable/P1 financial institution ratings and the A3/Stable rating of its RM1 billion Subordinated Sukuk Murabahah Programme (2016/2036).

Published on 18 October 2016

RAM Ratings maintains surveillance on Bank Muamalat Malaysia Berhad's (the Bank) A2/Stable/P1 financial institution ratings and the A3/Stable rating of its RM1 billion Subordinated Sukuk Murabahah Programme (2016/2036).

RAM, however, has no longer any rating obligation in respect of the Bank’s RM400 million Islamic Subordinated Sukuk Programme (2011/2026), following the full redemption of the facility’s RM400 million of outstanding notes on 15 June 2016 and the cancellation of the programme on 6 October 2016. The Bank had set up the new Basel-III compliant Subordinated Sukuk Murabahah Programme (2016/2036) in June 2016 to replace the cancelled programme.

Analytical contact                                         Media contact
Yong Jia Zheng                                              Padthma Subbiah
(603) 7628 1055                                             (603) 7628 1162
jiazheng@ram.com.my                                  padthma@ram.com.my