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Kimlun Corp Bhd has issued Islamic commercial papers (ICP) with a nominal value of RM26.4 million under its existing ICP programme. In a filing on April 28, the group said the issuance has a tenure of six months and forms part of its ICP programme, which, together with its Islamic medium-term notes programme, carries a combined limit of up to RM800 million. The programme is structured under the Shariah principle of murabahah via a tawarruq arrangement, in line with terms lodged with the Securities Commission in October 2021. Kimlun said proceeds from the issuance will be used for Shariah-compliant general corporate purposes, including working capital, capital expenditure and refinancing of existing borrowings across the group. OCBC Al-Amin Bank Bhd is acting as the lead manager for the issuance.

Bank Negara Malaysia (BNM) has introduced the SME Stabilisation Relief Facility (SME SRF), a RM5 billion financing scheme to support small and medium enterprises (SMEs), including microenterprises, affected by the ongoing West Asia conflict. In a statement, the central bank said some SMEs are facing operational disruptions, cash flow pressure and difficulty meeting short-term financial obligations. The facility was announced following the prime minister’s roundtable discussion with financial institution CEOs on April 21, 2026. It is aimed at providing working capital support to help viable businesses continue operations during the period of uncertainty. Eligible SMEs can obtain financing of up to RM750,000 with a repayment period of up to five years. The maximum financing rate is 3.75% per annum, inclusive of guarantee fees. BNM said the loans will be supported by guarantees of up to 80% from Credit Guarantee Corporation Malaysia or Syarikat Jaminan Pembiayaan Perniagaan, especially for SMEs without sufficient collateral. Applications will be open from May 15, 2026 to December 31, 2026, or until the funds are fully utilised. SMEs can apply directly through participating financial institutions, including commercial banks, Islamic banks and development financial institutions regulated by BNM. The central bank urged businesses facing or expecting financial difficulties to engage early with their banks, noting that early communication allows lenders to explore solutions such as repayment flexibility, restructuring or other support measures. BNM added that financial institutions are ready to assist affected SMEs during this period. Businesses may also seek support from Agensi Kaunseling dan Pengurusan Kredit (AKPK), including debt management programmes for individuals and sole proprietors, as well as the Small Debt Resolution Scheme for SMEs.

CIMB named sole principal adviser, arranger and facility agent for Malaysia’s first tokenised sukuk by Khazanah and SC CIMB Group Holdings Bhd has announced its role as the sole principal adviser, sole lead arranger and sole facility agent for Malaysia’s inaugural tokenised sukuk issued by Khazanah Nasional and the Securities Commission Malaysia. Chu Kok Wei, CEO of group wholesale banking for CIMB. In a statement, the bank said the issuance reflects collaboration between regulators and market participants to explore the use of distributed ledger technology to improve efficiency, transparency and execution, while maintaining strong governance and market integrity. The initiative also strengthens Malaysia’s position as a key hub for Islamic finance innovation, particularly in developing next-generation capital market instruments. “Khazanah’s inaugural tokenised sukuk represents an important step forward in advancing the practical application within a controlled and credible framework. It demonstrates how digital capabilities can be explored within existing capital market structures in a disciplined manner, while remaining aligned with established market practices. We are focused on supporting this milestone by working closely with regulators and partners to ensure that emerging structures are operationally sound, scalable and aligned with market expectations,” said Chu Kok Wei, CEO of Group Wholesale Banking at CIMB. CIMB said it will continue working with regulators and industry stakeholders to support the development of tokenised financial solutions and the wider digitalisation of financial markets.

Khazanah Nasional Berhad and the Securities Commission Malaysia (SC) have priced Malaysia’s first tokenised sukuk, a RM100 million issuance built on distributed ledger technology (DLT). The tokenised sukuk creates a secure digital version of the Islamic bond, allowing it to be issued and transferred as a token on a shared digital ledger. The issuance is the first tranche under Khazanah’s Sukuk Danum Programme, an Islamic Medium-Term Notes (IMTN) programme of up to RM20 billion. It carries a one-year tenure and is structured under the Shariah principle of Wakalah bi al-Istithmar, where an investment agent manages funds on behalf of investors. CIMB Group and Maybank acted as advisers and arrangers, while Credit Guarantee Corporation Malaysia (CGC), Kumpulan Wang Persaraan (Diperbadankan) (KWAP), OCBC Bank (Malaysia) and other institutional investors took part in the issuance. CIMB had previously committed to supporting the tokenised sukuk pilot across structuring, execution, custody and servicing. Khazanah and the SC said the issuance is a controlled pilot to test how blockchain technology can improve efficiency in sukuk issuance, settlement and post-issuance processes. The SC is running the pilot under its innovation framework to support future adoption by corporate issuers. “This is not about introducing a new product for its own sake, but about building the foundations for a more efficient and transparent market over time,” said Khazanah managing director Dato’ Amirul Feisal Wan Zahir. SC executive chairman Dato’ Mohammad Faiz Azmi said the pilot supports the Capital Market Masterplan 2026–2030, which targets growth of Malaysia’s capital market to RM5.8 trillion–RM6.3 trillion by 2030, with bond and sukuk market modernisation as a key focus. “Tokenisation offers potential to improve transparency, broaden participation and support a more vibrant market,” he said. Malaysia’s broader push into asset tokenisation is also advancing through Bank Negara Malaysia’s Digital Asset Innovation Hub, which is exploring tokenised deposits and stablecoin use cases with major financial institutions. The initiative is part of efforts to modernise Malaysia’s RM2.4 trillion Islamic capital market, including improving transparency, automation and accessibility through digital assets.

Pimpinan Ehsan Bhd (KL:PEB) has proposed to return RM62.9 million in cash to shareholders and voluntarily delist from Bursa Malaysia after its long-running PN16 regularisation plan with reNIKOLA Holdings Sdn Bhd fell through. In a Bursa filing on Tuesday, the company said it plans a capital reduction exercise to distribute 91 sen per share to eligible shareholders, with the date to be announced later. The proposed payout will be funded from cash reserves held in a custodian account, which stood at about RM65.17 million as at April 22, including interest earned. Major shareholder Pitahaya (M) Sdn Bhd, which holds a 37.4% stake, is expected to receive about RM23.53 million. Substantial shareholder and director Lim Beng Guan, who owns 9.36%, is set to receive around RM5.89 million. The proposal is subject to shareholder approval, court confirmation for the capital reduction, and Bursa Malaysia’s approval for the delisting. The group aims to complete the process by the third quarter of 2026. The move follows reNIKOLA’s decision to withdraw from the proposed regularisation plan, which led Pimpinan Ehsan to conclude it would not meet Bursa’s June 30 deadline to submit a new plan. The company said returning cash to shareholders is the best option in light of the situation. After the cash distribution and delisting, it also plans to proceed with a voluntary winding-up, with any remaining funds to be distributed to shareholders. Pimpinan Ehsan has been classified as a PN16 cash company since 2018 after disposing of its TRIplc Bhd subsidiary. It had since attempted to regularise its status through renewable energy asset injections involving reNIKOLA, but the plan was ultimately abandoned. Shares of Pimpinan Ehsan were untraded on Tuesday. The counter last closed at 81.5 sen, valuing the company at RM56.3 million.