Full Redemption of Award-Winning Sukuk Prihatin, Malaysia’s First Digital Sukuk

Full Redemption of Award-Winning Sukuk Prihatin, Malaysia's First Digital Sukuk

The Government is pleased to announce the maturity of its two-year Sukuk Prihatin, which was launched on 22 September 2020. Sukuk Prihatin was established in response to various requests from corporates and individuals to contribute to the country's recovery efforts during the COVID-19 pandemic. The sukuk was fully redeemed on 22 September 2022.

The Sukuk Prihatin issuance which had to be upsized by RM166,417,500 due to overwhelming response, was subscribed by 2,436 individuals and corporate holders, with a final total subscription value of RM666,417,500. Proceeds from the issuance were channeled to the COVID-19 Fund to finance, among others, micro credit loans under Bank Simpanan Nasional and TEKUN Nasional, special assistance for students of higher education institutions, e-Commerce campaigns for SMEs and micro enterprises as well as public healthcare expenses in addressing COVID-19 pandemic.

The Sukuk Prihatin was well recognised for its innovative features, combining digital, retail and charitable elements. It has won multiple awards including Overall Deal of the Year 2020, Most Innovative Deal of the Year 2020 and Malaysia Deal of the Year 2020 by Islamic Finance News. It was also recognised by Alpha Southeast Asia as Best Digital Sukuk at the 14th Annual Best Deal/Solution Awards 2020. Maybank was the primary distribution bank for the Sukuk Prihatin, which was made accessible via the digital banking platform of 27 banks in Malaysia, enabling retail investors to subscribe from as little as RM500 to support the nation's recovery effort.

The Government would like to convey its appreciation to those who had subscribed to the sukuk, particularly to the 95 Sukuk Prihatin holders who opted to contribute their principal subscription amount to the Government. In upholding the spirit of Keluarga Malaysia, the Government will channel the entire donated contribution totalling RM2,599,400 to the Akaun Amanah Bencana¹, which will support, among others, the repair of damaged infrastructure and public facilities, as well as financial relief for victims of natural disasters.

The Government's highest appreciation extends not just to all sukuk holders, but also other members of Keluarga Malaysia who had rallied together to support the nation weather the public health and economic storm during the height of the pandemic.

YB Senator Tengku Datuk Seri Utama Zafrul Aziz
Minister of Finance
24 September 2022

¹ For more information on Akaun Amanah Bencana, please visit www.mof.gov.my/portal/akaun-amanah-bencana.