Chinese groups tap into Malaysia's sukuks

Islamic-compliant funding attracting growing attention of mainland investors

KUALA LUMPUR - Raising funds through Islamic bonds, or sukuks, in Malaysia has gained traction among Chinese corporations. They have been raising funds over the past few weeks through Islamic bonds in the Southeast Asian nation, which has positioned itself as an Islamic funds hub.

Last week, China-owned Edra Power Holdings' solar energy unit Tadau Energy announced it had issued a Sustainable Responsible Investment Sukuk of up to 250-million-ringgit ($58.36 million), the first green sukuk issued in Malaysia.