Tropicana partners Maybank Islamic’s HouzKEY and IKEA Malaysia to ease homeownership
“Tropicana Alam is our very first foray into the Puncak Alam market, and we’ll be having our official preview this Saturday.
“Tropicana Alam is our very first foray into the Puncak Alam market, and we’ll be having our official preview this Saturday.
The group said the issuance was undertaken in three tranches: RM200 million first tranche with a five-year tenure maturing on Feb 12, 2029; RM100 million second tranche with a seven-year tenure maturing on Feb 14, 2031; and RM200 million third tranche with a 10-year tenure maturing on Feb 14, 2034.
The property developer issued the new IMTNs in two tranches: a RM200 million first tranche with a five-year tenure and a RM150 million second tranche with a seven-year tenure.
The notes were part of an IMTN programme which along with an Islamic commercial papers programme have a combined aggregate limit of up to RM4 billion in nominal value.
According to AIBIM, financial institutions are required to stop imposing fees on housing loan and home financing documents to lawyers from Feb 1 this year as part of the standardisation exercise.
They include acquisition of land banks and companies, investments, project development and infrastructure costs, capital and general expenditures, as well as refinancing of Islamic financing and outstanding loan facilities.
SSB-i is aimed at helping senior citizens fund their retirement in compliance with Shariah principles.
KUALA LUMPUR (Oct 7): Property developer UEM Sunrise Bhd has lodged information with the Securities Commission regarding its Islamic Medium-Term Notes (IMTN) and Islamic Commercial Papers (ICP) programmes with a combined aggregate limit of up to RM4 billion in nominal value.
PUTRAJAYA (Feb 19) : Datuk Seri Najib Razak's appeal over the dismissal of his suit against against AMMB Holdings Bhd, AmBank Islamic Bank Bhd and the bank's former customer relationship manager Joanna Yu Ging Ping has been fixed for hearing at the Court of Appeal on June 25.
KUALA LUMPUR (Aug 11): Bank Negara Malaysia (BNM) has announced that its Shariah Advisory Council (SAC) has made a ruling on practices of restructuring of Islamic financing facilities during the Covid-19 crisis.