IslamicFinance.de

The bonds of five-to-15-year maturity were issued in the Malaysian market by Trans Thai-Malaysia (Thailand)’s special-purpose vehicle TTM Sukuk.
The sukuk was awarded the highest rating of “AAA” by Malaysian Rating Corp.

Malaysian Rating Corp. starts offering from July 2009 onwards services to rate the degree of Sharia compliance of Islamic financial institutions. The audit will review the risk management culture and frequence of Sharia meetings aside from management skills.

The Agency targets fund managers, insurers and banks in Malaysia first before it plans expansion to South-East Asia.

Mohd Razlan Mohamed is the CEO of the Malaysian Rating Corp.