IslamicFinance.de

Bursa Malaysia Bhd has added TA Securities Holdings Bhd to its Islamic participating organisations list, making it the 11th stockbroking house and Islamic PO partnering with Bursa Malaysia-i. TA Enterprise Bhd managing director and chief executive officer Datin Alicia Tiah stated, that the inclusion will complement and broaden its product offerings.
Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan said in a statement: "We hope that with the support from our brokers, we will be able to provide a conducive marketplace for the Shariah investing community which will, in turn, continue to spur the growth and vibrancy of the Islamic capital market domestically and regionally.”

Paramount Corporation Bhd (PCB) signed two private bond programmes worth RM550 million today with Hong Leong Investment Bank Bhd, OCBC Bank and RHB Investment Bank. The deals consist of RM200 million Private Debt Securities programme, which allows PCB to issue RM200 million perpetual bonds, and a RM350 million Sukuk Ijarah Programme for PCB's unit, KDU University College Sdn Bhd. Group Chief Executive Officer Chan Say Yeong said the perpetual bonds provide PCB with access to capital to fund its growth plans, while the Sukuk will finance the building of the new KDU UC campus at Ultrapolis in Glenmarie, Shah Alam.