Date Published: Thursday, February 27, 2014
KUALA LUMPUR (Reuters) - The service Aye. F.. R., a subsidiary of Thomson Reuters, the arm of the Islamic transactions for bank Public Bank, the third largest bank in Malaysia, submitted a proposal to the central bank to issue a sukuk worth five billion RM (1.5 billion dollars) to meet the standards of the Basel 3 .
Under Basel 3, which implemented in phases over a period of time extending for several years, banks raise their capital, and issue new types of bonds can be written off or converted into equity at a time of crisis.
Bankers said that Islamic banks in Malaysia is moving slowly towards the capital increase, for reasons including that it does not see an urgent need for additional capital.
And showed a notice to the Central Bank to Bank Public Islamische wholly owned bank Public Bank may be the third Malaysian bank issued instruments commitment Basel 3 standards.