21 April 2021
The Securities Commission Malaysia (“SC”) expanded the Green Sustainable and Responsible (SRI) Sukuk Grant Scheme to encourage more companies to finance green, social and sustainability projects through SRI sukuk and bonds issuance. The grant is applicable to all sukuk issued under SC’s SRI Sukuk Framework or bonds issued under the ASEAN Green, Social and Sustainability Bond Standards.
The Green SRI Sukuk Grant Scheme was established to assist issuers in defraying up to 90% of the external review costs for green SRI sukuk, subject to a maximum of RM300,000 per issuance. As announced in the 2021 Budget, recipients of the SRI Sukuk and Bond Grant Scheme will be entitled to income tax exemptions for a period of five years until 2025.