Al-Aqar Healthcare REIT files RM3 billion sukuk programme with Securities Commission
Aqar Healthcare REIT (Al-`Aqar REIT) has lodged Islamic financing programmes with the Securities Commission Malaysia (SC) with a combined issuance limit of up to RM3bil.
Source: The Star · The Edge Malaysia · October 9, 2026 at 1:02 AM · AI-assisted report
Single-sourceKUALA LUMPUR, 9 OCTOBER 2026 —
Al‑‘Aqar Healthcare REIT lodged two Islamic financing programmes with the Securities Commission Malaysia on Oct 8, giving the REIT a combined issuance ceiling of up to RM3 billion, the filing with Bursa Malaysia showed.
Market Impact
The filing, submitted by the REIT’s wholly‑owned special‑purpose vehicle Al‑‘Aqar Capital Sdn Bhd, outlines a sukuk issuance programme and an Islamic commercial paper (ICP) programme. The REIT said the programmes were lodged with the regulator on the same day and are now subject to the commission’s approval.
Under the sukuk programme, the REIT may issue senior Islamic medium‑term notes and subordinated perpetual Islamic notes for a total amount of up to RM3 billion. The ICP programme permits the issuance of Islamic commercial papers with a ceiling of RM300 million. Both programmes are structured on the Shariah principle of Wakalah Bi Al‑Istithmar and are capped by a combined outstanding limit of RM3 billion.
The sukuk notes are perpetual in tenure, while the ICPs carry a seven‑year maturity.
The REIT indicated that proceeds from the two programmes will be used to finance its investment activities, refinance existing or future Islamic financing, and meet working‑capital and general corporate requirements. In addition, the funds may be deployed to refinance maturing sukuk and ICP issuances, to fund the sukuk trustee’s reimbursement account and to cover expenses related to the programmes.
The filing also notes that the programmes allow for sustainability‑linked and other sustainability‑related issuances, provided the REIT complies with the relevant guidelines and frameworks governing such instruments.
By establishing a RM3 billion‑plus Islamic financing capacity, the REIT adds a substantial volume of sukuk and ICP instruments to the Malaysian Islamic capital‑market pipeline. The new supply expands options for investors seeking Shariah‑compliant securities and enhances the REIT’s ability to raise capital without resorting to conventional financing channels.
The REIT said it will proceed with issuances under the approved programmes as financing needs arise, using the flexibility built into the structures to support its growth and corporate objectives. The programmes remain subject to ongoing oversight by the Securities Commission, and the REIT will monitor market conditions to determine the timing and scale of any future issuances.