“This reflects the confidence of investors in the country and market on the recovery and Malaysia’s economic growth prospects even though the government is facing tough challenges due to the Covid-19 pandemic over the past one year,” he said.

Last Thursday, the government successfully priced the world’s first sovereign US dollar Sustainability Sukuk via the issuance of US$800 million (RM3.2 billion) 10-year trust certificates and US$500 billion 30-year trust certificates for comprehensive distribution stretching from Asia to the United States.

“The government’s success in issuing the world’s first sovereign Sustainability Sukuk in US dollar worth US$1.3 billion is a proud achievement for the country,” he said in a press statement today.

Through the oversubscription of 6.4 times, the original issuance size was increased from US$1 billion to US$1.3 billion. Based on the encouraging demand, the government had successfully fixed a competitive price for the Sustainability Sukuk.

“I would like to thank the finance ministry and the agencies involved, such as Bank Negara Malaysia, which have cooperated in the successful marketing and issuance of a unique and excellent Sustainability Sukuk in terms of an innovative Islamic finance instrument.”

Muhyiddin said he was confident this would further enhance Malaysia’s position as a leader in the global Islamic finance sector.

“InsyaAllah, the Sustainability Sukuk will continue to put us on a development foundation that is more sustainable, stable, resilient, and competitive in line with the Shared Prosperity Vision 2030.”