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Thursday, 12 November 2026

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EcoWorld Raises RM850 Million Through Sukuk Wakalah

Eco World Capital issued RM850 million of sukuk across three maturities, with the seven-year tranche accounting for most of the funding.

By TLA AI Editor3 min read

Kuala Lumpur, 11 November 2026 – Eco World Development Group Berhad said its wholly owned financing subsidiary, Eco World Capital Berhad, issued RM850 million of sukuk wakalah on 11 November. The issuance was the fifth under a rated RM3 billion programme and comprised securities with five-, seven- and 10-year tenures. The Malaysian developer said the proceeds could be used for working capital, capital expenditure including land purchases, Shariah-compliant investments and general corporate purposes.

The issue gives EcoWorld funding across several maturities, with most of the amount due after seven years. For investors, that is more informative than the size of the programme alone: the RM850 million is the amount raised in this transaction, while RM3 billion is the size of the wider programme. Neither figure tells investors how much EcoWorld will spend on a particular parcel of land or project.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.