MALAYSIA: RHB Islamic concluded a deal for support of eligible Shariah compliant sustainable assets such as green buildings, renewable energy and energy efficiency projects – via a sale and buy back agreement transacted with HSBC Amanah Malaysia and Standard Chartered Saadiq Malaysia. Valued at RM120 million (US$28.43 million), the deal involves an Islamic financial instrument used to source and provide funding for liquidity management in the Islamic Interbank Money Market – akin to a repurchase agreement in the conventional money market.
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