Infracap Resources Sdn. Bhd.’s RM15 Billion Sukuk Murabahah

Rahmat Lim & Partners advised Infracap Resources Sdn. Bhd.

Infracap Resources Sdn. Bhd. issued Sukuk Murabahah of up to RM15 billion in nominal value based on the Shariah principle of Murabahah (via Tawarruq arrangement) to finance all fees, costs, and expenses associated with projects and strategic investments throughout Sarawak to be undertaken by the State Government of Sarawak.

All projects and strategic investments to be financed from the proceeds of the sukuk will have to comply with the Environment, Social and Governance (ESG) principles as prescribed under the United Nations Global Compact.

Infracap Resources Sdn. Bhd. is a special purpose funding vehicle of the State Government of Sarawak. 

The Rahmat Lim & Partners team was led by partners Azman bin Othman Luk (Picture) and Geraldine Su.

Involved fees earner: Azman bin Othman Luk – Rahmat Lim & Partners; Geraldine Su – Rahmat Lim & Partners;

Law Firms: Rahmat Lim & Partners;

Clients: Infracap Resources Sdn. Bhd.;

Author: Sonia Carcano