Euromoney innovations in Islamic finance 2016: Khazanah

M$100 million ($18.2 million) sustainable and responsible investment sukuk (Ihsan)

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Lead manager: CIMB

Last year one of Euromoney’s awards went to the IFFIm sukuk which funded immunization programmes: a rare example of Islamic finance being used to achieve a social good.

This year we reward Ihsan – a vehicle of Khazanah, the Malaysian sovereign wealth fund – for a small but intriguing deal designed to support the transformation of schools, under the Yayasan AMIR trust schools programme. This is...