We are delighted to announce that Shook Lin & Bok has been named winner of the prestigious IFN Deal of the Year 2018 for Malaysia. This deal falls under the Social Impact category.
This is a landmark RM500 million Sustainable Development Goal (SDG) Islamic medium-term note based on the Islamic principle of Wakalah BI Al Istithmar arranged solely by HSBC Amanah Malaysia Berhad. This Sukuk facility was issued based on the existing HSBC Group SDG Bond Framework and proceeds will be used to support projects contributing toward the UN SDGs.
This deal is also one of the five shortlisted deals from the UK, Saudi, the UAE, Malaysia and Indonesia for the IFN Deal of the Year Award 2018 which will be decided in March 2019.
Islamic Finance News (better known as IFN) is well known for its independence, impartiality and inclusiveness. Deals are judged by an independent panel of industry experts.
We congratulate our Partner, Ms. Hoh Kiat Ching, and her team on this momentous win!
For more information on the awards, please see this circular.