On behalf of the Board of Directors of Affin Bank, we wish to announce that Affin Islamic Bank Berhad (“Affin Islamic”), a wholly-owned subsidiary of Affin Bank, had on 23 October 2018 issued T2 Sukuk Murabahah with a nominal value of RM800,000,000 under the Sukuk Programme. The tenure of the T2 Sukuk Murabahah issued is 10 years on a non-callable 5 years basis. The T2 Sukuk Murabahah has been assigned a long-term rating of A1 by RAM Rating Services Berhad.

The T2 Sukuk Murabahah will qualify as Basel III-compliant Tier 2 capital of AFFIN Islamic, in accordance with the Capital Adequacy Framework for Islamic Banks (Capital Components) issued on 2 February 2018 by Bank Negara Malaysia. The T2 Sukuk Murabahah is fully subscribed by Affin Bank.

This announcement is dated 23 October 2018.