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Malaysia Market Able to Absorb Railway Sukuk, Badlisyah Says

Badlisyah Abdul Ghani, chief executive officer of CIMB Islamic Bank Bhd., a unit of Malaysia’s second-largest lender, comments on the government’s plan to raise funds for a 48 billion ringgit ($16 billion) railway project in Kuala Lumpur. He made the remarks in an interview with Bloomberg TV today.

The government may sell ringgit-denominated Islamic bonds to help finance construction of a mass railway system in Kuala Lumpur, Prime Minister Najib Razak said on March 29. The project will be the country’s single biggest infrastructure development, said Najib.