On 19 March 2018, SkyWorld’s innovative SUKUK Program, the first structured transaction in Malaysia involving unbilled sales won the Structured Finance Deal of The Year 2017 by IFN, the world’s leading Islamic Finance News provider, at an award ceremony held at Shangri-La Hotel.
This landmark Islamic Sukuk transaction is a synthetic securitization of progress billings, the first Shariah compliant transaction in the world.
This recognition provides valuable encouragement to the team and a positive start to the company. Our heartfelt gratitude to Corporate Finance team for all the hard work and effort put into this project.
Datuk Ng (centred) flanked by Mr. Andrew Morgan (Managing Director & Publisher of REDmoney Group), Mr. Hendra Gunawan (Deputy Chief Executive Officer of United Overseas Bank (Malaysia) Bhd, Mr. Charanjeev Singh (Managing Director of NewParadigm Capital Markets Sdn Bhd) and Mr. Jerry Tiew Wei Hsiang (Partner of Adnan Sundra & Low) (from left to right)