, Malaysia

CIMB Islamic, StanChart Saadia enter US$227m Collateralised Commodity Murabahah transaction

Proceeds will be used for SDG-compliant projects.

CIMB Islamic Bank Bread has entered into an RM1b (around US$227m) landmark Sustainable Collaterized Commodity Murabahah (CCM) transaction with Standard Chartered Saadia Malaysia, the bank said in a press release.

CCM is a Shariah-compliant loan service secured with high-quality Islamic Sukuk assets. This provides the Islamic financial market with a viable alternative to the conventional Repurchase/Reverse-Repurchase Agreements, CIMB Islamic said.

All transaction proceeds of the CCM will be earmarked to eligible Shariah-compliant assets and projects that fall within the boundaries of CIMB Group’s Sustainable Development Goals Bond and Sukuk Framework. These include projects for affordable housing, start-ups and SMEs, public schools, and green projects such as green mass transit, climate resilient buildings and infrastructure, sustainable forestry and wildlife conservation projects.

CIMB Islamic and Standard Chartered Saadia were supported by the Financial Markets Association of Malaysia and Association of Islamic Banks in Malaysia in this transaction.

(US$1 = RM4.40)

Follow the links for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Tempered adoption of AI tools may spell greater leap for fintech firms
Expert underscores generative AI’s strength in streamlining front-of-office work, but banks on human expertise for in-depth development.
Advisory takes centre stage in Danamon's next-Generation Branches
Danamon’s next-generation branches reshape banking by performing more advisory functions and improving customer experiences.