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Malaysia launches 500 million Ringgit Sukuk for Coronavirus recovery

SHAFAQNA- Malaysia launched a 500 million Ringgit ($119.45 million) Sukuk as part of the government’s efforts to raise funds for their COVID-19 economic recovery plan, according to finance ministry.

The Sukuk Prihatin will be offered on digital banking platforms from Aug 18 to Sept 17, offering a 2% profit rate over a two-year maturity period, according to a statement from the ministry, Reuters reported.

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