Sukuk Factsheet
BMUAMK 4.150% 26May2036 Corp (MYR)
Bank Muamalat Malaysia Berhad
Indicative
Full Lot
Bid Price 97.197
Change in Bid Price 0.035
Bid Yield (%) 4.514 %
Change in Bid Yield 0.005
Ask Price 98.694
Change in Ask Price 0.035
Ask Yield (%) 4.318 %
Change in Ask Yield 0.005
Indicative price as of 29 Oct 2026, 3:54pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Sukuk Issuer
Bank Muamalat Malaysia Berhad
Guarantor
-
Announcement Date
20 May 2026
Issue Date
25 May 2026
Maturity Date
26 May 2036
Years to Maturity / Next Call
9.577 / -
Modified Duration
7.667 @ 29 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
4.150
Distribution Type
Fixed
Annual Distribution Rate
4.150
Distribution Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
-
ISIN
MYBDN2600059
CUSIP
DK9667538
Sukuk Currency
MYR
Total Issue Size
500,000,000
Min. Investment Quantity (Nominal)
MYR 1,000
Incremental Quantity (Nominal)
MYR 1,000
Sukuk Type
High Yield Corporate
Sukuk Sector
Financials
Sukuk Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch/ MARC/ RAM)
***/ N.R/ A+/ A2
Sukuk Credit Rating (S&P/ Fitch/ MARC/ RAM)
***/ N.R/ A/ N.R
Shariah Compliant
Yes
Islamic Principle
Sukuk Al Murabaha
Sukuk Al Wakala Bel Istithmar
Exchange Listed
No
Loss Absorption
Non-Viability Event (Applicable to the Tier 2 Sukuk Wakalah and AT-1 Sukuk Wakalah only):
If a Non-Viability Event occurs, the Issuer shall irrevocably, without the need for the consent of the Sukuk Trustee or the holders of Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah, writeoff the relevant Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah (in whole or in part) if so required by the Relevant Malaysian Authority (as defined below) at its full discretion.
Such write-off shall not constitute or deemed a default by the Issuer or constitute an Enforcement Event for any purpose whatsoever, nor would it trigger a cross default under any other outstanding Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah or any other financial indebtedness of the Issuer.
A Non-Viability Event shall be deemed to have occurred on the day on which the Issuer received the notification from the Relevant Malaysian Authority.
Details of the Loss Absorption Mechanism are set out below. Upon the occurrence of a Non-Viability Event, the Issuer is required to give notice to the holders of Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah (via the Sukuk Trustee) and the Credit Rating Agency in accordance with the terms of the Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah.
“Non-Viability Event” means following the occurrence of the following, whichever is earlier:
(i) BNM, jointly with the Malaysia Deposit Insurance Corporation ("PIDM"), where the Issuer is a Member Institution (as prescribed under the Malaysia Deposit Insurance Corporation Act 2011), or BNM, where the Issuer is not a Member Institution (BNM, jointly with PIDM shall be referred to as "Relevant Malaysian Authority") has notified the Issuer in writing that the Relevant Malaysian Authority is of the opinion that a write-off is necessary, without which the Issuer would cease to be viable; or
(ii) The Relevant Malaysian Authority publicly announces that a decision has been made by BNM, PIDM or any other federal or state government in Malaysia, to provide a capital injection or equivalent support to the Issuer, without which the Issuer would cease to be viable.
Issuer Call
i) Optional Redemption The Issuer may, at its option, redeem any Tier 2 Sukuk Wakalah or the AT-1 Sukuk Wakalah (in whole but not in part) on any Optional Redemption Date (as defined below) at the Redemption Amount (as defined below).
“Redemption Conditions” refer to the following:
(i) the Issuer is solvent at the time of any redemption of that Tranche of Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah, and immediately thereafter;
(ii) the Issuer has obtained the written approval of BNM prior to redemption of that Tranche of Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah; and
(iii) the Issuer shall:
(a) replace that Tranche of the Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah to be redeemed with capital of the same or better quality and the replacement of such capital shall be done at conditions which are sustainable for the income capacity of the Issuer; or
(b) demonstrate to the satisfaction of BNM that its capital position is and can be sustained well above the minimum capital adequacy and capital buffer requirements after the redemption of such Tranche of the Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah.
“Optional Redemption Date(s)” means a date to be determined prior to issuance, which shall be a date falling no earlier than the fifth (5th) anniversary of the relevant issue date of the Tier 2 Sukuk Wakalah or AT-1 Sukuk Wakalah, and any Periodic Distribution Date thereafter.
“Redemption Amount” means an amount equal to 100% of the nominal value of the Tier 2 Sukuk Wakalah or the AT-1 Sukuk Wakalah, together with all accrued and unpaid Expected Periodic Distribution Amount (if any) (in the case of Tier 2 Sukuk Wakalah) and/or accrued but unpaid and uncancelled Expected Periodic Distribution Amount (if any) relating to the then current Periodic Distribution period (in the case of the AT-1 Sukuk Wakalah) up to (and excluding) the relevant Early Redemption Date(s).
Optional Redemption Date(s) : 26 May 2031
Additional Note
If any Tranche of the Tier 2 Sukuk Wakalah or the AT-1 Sukuk Wakalah (in whole or in part), either immediately or with the passage of time or upon either giving of notice by the relevant authority or the fulfilment of a condition, no longer qualify as Tier- 2 capital (for Tier 2 Sukuk Wakalah) or the Additional Tier- 1 capital (for AT-1 Sukuk Wakalah) of the Issuer for the purposes of BNM’s capital adequacy requirements or any other regulations applicable to the Issuer, the Issuer may, at its option redeem the Tier 2 Sukuk Wakalah or the AT-1 Sukuk Wakalah (in whole but not in part) at the Redemption Amount.
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