RAM Ratings has assigned AAA/Stable/P1 ratings to Maybank Islamic Berhad’s (the Bank) proposed RM10.0 billion Islamic CP/MTN Programme. The proceeds will be used for Shariah compliant funding purposes. Concurrently, we have reaffirm

Published on 23 Feb 2017.

RAM Ratings has assigned AAA/Stable/P1 ratings to Maybank Islamic Berhad’s (the Bank) proposed RM10.0 billion Islamic CP/MTN Programme. The proceeds will be used for Shariah compliant funding purposes. Concurrently, we have reaffirmed the Bank’s AAA/Stable/P1 financial institution ratings as well as the AA1/Stable rating of its RM10.0 billion Subordinated Sukuk Murabahah Programme (2014/2034).

Maybank Islamic Berhad is the Islamic banking arm of Malayan Banking Berhad (the Group, rated AAA/Stable/P1). As such, the Bank’s ratings incorporate our expectation of ready support from the Group, if needed. By assets, Maybank Islamic Berhad is the largest Islamic bank in Malaysia, with a 34% share of the domestic Islamic banking sector’s financing and 30% of its deposits and investment accounts (IAs) as at end-September 2016.

Analytical contact
Liang Huey Jean
(603) 7628 1124
jean@ram.com.my

Media contact
Padthma Subbiah
(603) 7628 1162
padthma@ram.com.my