HSBC Amanah Malaysia Berhad (HSBC Amanah), which celebrated its 10th year anniversary last year, bagged the coveted Deal of the Year Award for the world’s FIRST United Nation’s Sustainable Development Goal (SDG) sukuk at the prestigious Islamic Finance News (IFN) Awards 2018 held in St Regis Hotel, Kuala Lumpur.
The bank also received two additional awards for “Country Deal of the Year” and “Social Impact Deal of the Year” for the RM500 million landmark issuance.
The IFN Awards ceremony honours th most distinguished and impactful players in Islamic Finance industry and recognises the contributors to the industry under two categories, the Best Bank Polls and Deals of the Year. It is one of the most prestigious awards that is highly recoginised by the global Islamic capital markets.
Commenting on the award wins, Arsalaan Ahmed, Chief Executive Officer, HSBC Amanah says, “I am proud of our team’s perseverance and hard work in rolling out this deal. It is truly a proud moment for all of us at HSBC. HSBC has always been at the forefront of innovation in Islamic financing, having structured and lead-managed numerous award-winning, landmark sukuk transactions on behalf of our clients.”
This sukuk is the world’s first ever benchmark sustainable sukuk issuance by a financial institution the UN SDGs as use of proceeds. It is a landmark in the MYR and global sukuk market and demonstrates HSBC Amanah’s continued commitment to the Malaysian government’s efforts to not only promote the country as an Islamic finance hub but is also a strong testament to HSBC Group’s leadership in sustainable financing.
“This landmark issuance is in line with the Value-based Intermediation (“VBI”) initiative championed by Bank Negara Malaysia which seeks to shift the focus of the Islamic Finance industry to integrate environmental and social tenets into banking activities. We are pleased with this issuance that is aimed at starting a conversation in Islamic banking around SDGs and thus supporting VBI,” adds Arsalaan.