AmInvestment Bank Bhd has won the “Best Islamic REIT Deal in South-East Asia” award in the inaugural South-East Asia Deal Awards organised by Alpha Southeast Asia magazine.
The award highlighted the RM300mil sukuk Ijarah programme by Al’Aqar Capital Sdn Bhd for which AmInvesment was lead arranger and principal adviser.
The deal was not only the first sukuk in the world issued by an Islamic REIT (real estate investment trust), but also the first Islamic structure based on Ijarah, where the Ijarah assets are leased under the master lease and followed by existing commercial leases forming the subleases, a statement from AmInvestment said yesterday. The South-East Asia Deal Awards were given in recognition of the best and most innovative corporate-centric investment and commercial banking solutions in the region.
Only transactions lead managed by local banks in Indonesia, Malaysia, Philippines, Singapore and Thailand were considered for the awards.