The Malaysia Securities Commission, in collaboration with Khazanah Nasional Berhad, has successfully priced Malaysia’s first tokenised sukuk with a nominal value of MYR100 million, using distributed ledger technology to create a digital representation of the instrument. The transaction was executed under the SC’s pilot programme for market innovation and is positioned as a practical test of tokenised issuance within existing governance and regulatory frameworks, aligned with the direction of the Capital Market Masterplan 2026-2030. The sukuk is the inaugural tranche under Khazanah’s Sukuk Danum Programme, an Islamic Medium-Term Notes programme of up to MYR20.0 billion in nominal value, with a one-year tenure and structured based on the Shariah principle of Wakalah bi al-Istithmar. The pilot brought together CIMB Group and Maybank and involved institutional investors including Credit Guarantee Corporation Malaysia Berhad, Kumpulan Wang Persaraan (Diperbadankan) and OCBC Bank (Malaysia) Berhad, with participants aligning operational and technical workflows across the issuance value chain. The SC framed the pilot as a controlled approach intended to support market integrity and investor protection while providing a functional template that could lower technical and regulatory barriers for future issuers. The SC and Khazanah indicated the pilot is intended to inform future phases of modernising Malaysia’s capital markets and further development of tokenised sukuk workflows.
Malaysia Securities Commission 2026-04-28
Malaysia Securities Commission and Khazanah price Malaysia’s first tokenised sukuk at MYR100 million
The Malaysia Securities Commission, with Khazanah Nasional Berhad, has priced Malaysia’s first tokenised sukuk of MYR100 million under its market innovation pilot, using distributed ledger technology within existing regulatory frameworks and aligned with the Capital Market Masterplan 2026-2030. The one-year tranche under Khazanah’s Sukuk Danum Programme of up to MYR20.0 billion is structured on the Shariah principle of Wakalah bi al-Istithmar and involved CIMB Group, Maybank and institutional investors. The pilot aims to provide a template for future tokenised sukuk and guide further modernisation of Malaysia’s capital markets.