PAAB launches first blue sukuk sustainable Islamic financing framework

 After committing nearly RM47bil to Malaysia’s water services sector, Pengurusan Aset Air Bhd (PAAB) is pursuing sustainable financing with the launch of Malaysia’s first sustainable Islamic finance framework, incorporating blue sukuk principles to support future water infrastructure investment.

“At the early stages of this reform journey, one of PAAB’s most critical responsibilities was to address the legacy debt burden carried by state water operators,” said PAAB chairman Datuk Seri Ir Jaseni Maidinsa at the ceremonial launch yesterday.

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