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Malaysia Green Sukuk Gets Khazanah Debut Boost: Islamic Finance

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Malaysia’s state-owned sovereign wealth fund is giving the government’s green financing initiative a boost with a plan to sell the nation’s first sukuk under socially responsible investment guidelines.

Khazanah Nasional Bhd. is considering issuing a benchmark sized ringgit-denominated Islamic bond to finance expansion in its education or renewable energy businesses, Chief Financial Officer Mohd Izani Ghani said in Nov. 20 interview in Kuala Lumpur. The notes will probably be issued in the second half of 2015, he said.