KUALA LUMPUR, Malaysia, Aug 22 (Bernama) — Tek Securities (Labuan) Ltd. (TEK) today announced the launch of the world’s first Climate Sukuk that features carbon credits as a profit payout, a groundbreaking financial instrument structured to support global climate initiatives. The launch was formalized through an engagement letter with Unity Group Holdings International Limited (UNITY), a leading player in the climate and environmental sector. The historic event was witnessed by Mr. Affendi Rasdi, Director General of the Labuan Financial Services Authority (LFSA).
This innovative Sukuk, a Sharia-compliant bond, redefines sustainable finance by directly linking investor returns to tangible environmental outcomes. Unlike traditional Sukuk that offer cash dividends, this new structure provides investors with a share of carbon credits generated from verified climate projects. These credits, representing one tonne of carbon dioxide equivalent removed or avoided, offer a dual benefit: a financial return and a direct contribution to global decarbonization efforts.