Member News - TAGLaw

Adnan Sundra & Low Recognized by The Asset Triple A Islamic Finance Awards 2024

We are delighted to share with you that the firm has been honoured with 20 awards at the recent prestigious The Asset Triple A Islamic Finance Awards 2024, topping the 13 awards which we achieved last year! The Asset Triple A Awards are the pre-eminent recognition for those that have excelled in their respective industry, using data analytics produced by Asset Benchmark Research, the region’s leading research organisation evaluating client experience standards in the financial services industry.

Well done to our Banking & Finance team led by Deepak Sadasivan, Rodney Gerard D'Cruz, Gan Kok Ling, Jerry Tiew Wei Hsiang and Dilys Tan for consistently delivering exceptional work and effective solutions for our clients, including "first of its kind" transactions in the Malaysian market.

The 20 awards include:

Best Sustainability Sukuk - Healthcare
Point Zone (M) MYR 555 million triple-tranche sustainability wakala bi al-istithmar sukuk

Best Asean Green SRI Sukuk - Renewable Energy / Solar
reNIKOLA Solar II MYR 390 million Asean green SRI sukuk

Best Asean Green SRI Sukuk - Real Estate
Exsim Capital Resources MYR 365 million musharaka sukuk and 85 million ringgit murabaha sukuk

Most Innovative Islamic Deal for Malaysia
Fusang Exchange depository receipt of International Islamic Liquidity Management Corporation sukuk

Best Islamic Equity Deal for Malaysia
MR DIY Group (M) MYR 664.3 million secondary placement

Best Sustainability Sukuk - SME for Malaysia
Small Medium Enterprise Development Bank Malaysia MYR 1 billion sustainability wakala sukuk

Best Sustainability Sukuk – Utilities for Malaysia
TNB Power Generation MYR 2 billion four-tranche sustainability wakala sukuk

Best Islamic Green Financing for Malaysia
Sunway South Quay MYR 100 million unrated green wakala bi al-istithmar sukuk

Best Quasi-Sovereign Sukuk for Malaysia
Khazanah Nasional US$750 million wakala sukuk

Best New Sukuk for Malaysia
Johor Corporation MYR 1.5 billion three-tranche wakala sukuk

Best Sukuk - Cooperative for Malaysia
Bank Kerjasama Rakyat Malaysia MYR 1 billion medium term notes

Best Sukuk - Transport for Malaysia
Projek Lebuhraya Usahasama MYR 600 million dual-tranche medium term notes

Best Sukuk - Telecom for Malaysia
Digi Telecommunications MYR 1 billion murabaha sukuk

Best Bank Capital Sukuk for Malaysia
Bank Muamalat Malaysia MYR 350 million additional tier 1 capital wakala sukuk

Best Sukuk - Conglomerate for Malaysia
OSK Rated Bond MYR 500 million dual-tranche murabaha sukuk

Best Islamic Securitisation for Malaysia
Silver Formula ABS MYR 94.81 million ijara sukuk

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