MARC Ratings has withdrawn its rating of A+IS on Bank Muamalat Malaysia Berhad’s RM2.0 billion Senior Sukuk Programme. The rating withdrawal follows the termination of the programme as confirmed by the facility agent on April 23, 2024. MARC Ratings’ analytical coverage on Bank Muamalat’s issuance is now limited to the bank’s RM5.0 billion Sukuk Wakalah Programme.Contacts:Fahmi Hawari,...

MARC Ratings has assigned final ratings to Bank Muamalat Malaysia Berhad’s Sukuk Wakalah Programme of up to RM5.0 billion as follows:Senior Sukuk Wakalah at A+IS Tier-2 Subordinated Sukuk Wakalah at A-IS Additional Tier-1 Sukuk Wakalah at BBBIS The outlook on all ratings is stable.The rating agency has reviewed the final documentation for the programme and is satisfied that the te...

MARC Ratings has assigned preliminary ratings to Bank Muamalat Malaysia Berhad’s proposed Sukuk Wakalah programme of up to RM5.0 billion as follows:• Senior Sukuk Wakalah at A+IS • Tier-2 Subordinated Sukuk Wakalah at A-IS • Additional Tier-1 Sukuk Wakalah (AT-1 Sukuk Wakalah) at BBBIS Concurrently, the rating agency has affirmed its financial institution (FI) ratings of A+/...

MARC Ratings has upgraded Bank Muamalat Malaysia Berhad’s financial institution ratings to A+/MARC-1 from A/MARC-1 and concurrently upgraded its rating on the bank’s Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion to A+IS. The ratings outlook is stable.  The ratings upgrade is premised on Bank Muamalat’s continued improvement in its financial performance, parti...

MARC has affirmed its financial institution ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and AIS rating on the bank’s Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The ratings outlook is stable. The ratings incorporate Bank Muamalat’s healthy capitalisation levels, stronger asset quality metrics and improved profitability trend. If the bank susta...

MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and AIS rating on the bank’s Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The ratings outlook is stable. The FI ratings reflect Bank Muamalat’s relatively modest size, strong capitalisation, moderate financial performance and weakening asset quality met...

MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and AIS rating on the bank’s Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The rating on Bank Muamalat’s Senior Sukuk programme is equalised to its long-term FI ratings based on the seniority of the sukuk. The ratings outlook is stable.The FI ratings inc...

MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and its AIS rating on the bank’s Islamic Senior Notes programme (Senior Sukuk) of up to RM2.0 billion. The rating on Bank Muamalat’s Senior Sukuk programme is equalised to its long-term FI rating based on the seniority of the sukuk. The outlook on the ratings is stable. T...

MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and concurrently affirmed its AIS rating on the bank’s Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The outlook on the ratings is stable. The rating on Bank Muamalat’s Senior Sukuk programme is equalised to its long-term FI ratings based on the seniori...

MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and concurrently affirmed the AIS rating on the Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The outlook on the ratings is stable. The rating on Bank Muamalat’s Senior Sukuk issuance is equalised to its FI rating based on the seniority of the su...