{"id":6004,"date":"2020-09-20T17:47:26","date_gmt":"2020-09-20T09:47:26","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=6004"},"modified":"2020-09-20T17:47:29","modified_gmt":"2020-09-20T09:47:29","slug":"sukuk-prihatin-subscription-hits-rm666-mln-exceeding-rm500m-target","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=6004","title":{"rendered":"Sukuk Prihatin subscription hits RM666 mln, exceeding RM500m target"},"content":{"rendered":"\n

KUALA LUMPUR, Sept 20 — Sukuk Prihatin, a government initiative under the National Economic Recovery Plan (PENJANA), has been oversubscribed, registering a total subscription of more than RM666 million.<\/p>\n\n\n\n

Thus, this is surpassing its initial target issuance size of RM500 million, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.<\/p>\n\n\n\n

“In response to\u00a0the encouraging demand from eligible subscribers, the government has decided to upsize\u00a0the total issuance by an additional RM166 million,” he said in a statement today.<\/p>\n\n\n\n

\"sukuk<\/figure><\/div>\n\n\n\n

The Sukuk was introduced by the government to provide an opportunity for the rakyat to contribute to the nation\u2019s rebuilding efforts due to the COVID-19 pandemic.<\/p>\n\n\n\n

The subscription period opened on Aug 18 August and closed on Sept 17.<\/p>\n\n\n\n

Proceeds from Sukuk Prihatin will be channeled to the Covid-19 Consolidated Fund for the implementation of recovery measures such as enhancing connectivity to rural schools, supporting research on infectious diseases and financing micro-entrepreneurs.<\/p>\n\n\n\n

The Sukuk Prihatin was offered through JomPay and\/or DuitNow, accessible through the digital banking platform of 27 banks in Malaysia, with Maybank as the main distributing bank.<\/p>\n\n\n\n

The online subscription is a commendable achievement and made history as the first-of-its-kind digital Sukuk in Malaysia.<\/p>\n\n\n\n

“The government would like to thank all Malaysians who subscribed to the Sukuk Prihatin. The oversubscription and successful issuance of Sukuk Prihatin is a testament to Malaysians\u2019 solidarity and cooperation in facing this challenging period, in line with the #MalaysiaPrihatin spirit. <\/p>\n\n\n\n

“The government believes that embodying the spirit of \u2018we are all in this together\u2019 is what makes Malaysia a stronger nation,” added Zafrul.<\/p>\n\n\n\n

The subscription period ended on Sept 17 and the Sukuk Prihatin will be issued on Sept 22 with a maturity period of two years.<\/p>\n\n\n\n

It offers a profit rate of of 2.0 percent per annum, which is tax-exempted and will be paid on a quarterly basis<\/p>\n\n\n\n

Sukuk holders also have the option to donate the principal amount either in part or in full upon its maturity on Sept 21.<\/p>\n\n\n\n

— BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR, Sept 20 — Sukuk Prihatin, a government initiative under the National Economic Recovery Plan…<\/p>\n","protected":false},"author":1,"featured_media":6005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[524],"tags":[],"class_list":["post-6004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/57a7a6c4a6dcccf931696538cbf9c8715f66e949c0195.jpg",1019,604,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/57a7a6c4a6dcccf931696538cbf9c8715f66e949c0195-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/57a7a6c4a6dcccf931696538cbf9c8715f66e949c0195-300x178.jpg",300,178,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/57a7a6c4a6dcccf931696538cbf9c8715f66e949c0195-768x455.jpg",640,379,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/57a7a6c4a6dcccf931696538cbf9c8715f66e949c0195.jpg",640,379,false],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/57a7a6c4a6dcccf931696538cbf9c8715f66e949c0195.jpg",1019,604,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/57a7a6c4a6dcccf931696538cbf9c8715f66e949c0195.jpg",1019,604,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/57a7a6c4a6dcccf931696538cbf9c8715f66e949c0195.jpg",1019,604,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/57a7a6c4a6dcccf931696538cbf9c8715f66e949c0195.jpg",1019,604,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/57a7a6c4a6dcccf931696538cbf9c8715f66e949c0195.jpg",720,427,false]},"author_info":{"info":["Editor"]},"category_info":"Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/6004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6004"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/6004\/revisions"}],"predecessor-version":[{"id":6006,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/6004\/revisions\/6006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/6005"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}