KUALA LUMPUR, Oct 13 (Bernama) — Tek Securities Limited (TEK), a licensed securities firm from Labuan Financial Services Authority (LFSA), a leading innovator in sustainable and Islamic finance, has issued a statement in strong support of the anticipated inclusion of the Climate Sukuk framework and a Carbon Tax mechanism in the upcoming Malaysia Budget 2026. This expected policy alignment in the first budget under the Thirteenth Malaysia Plan (13MP) is seen as a pivotal moment for the nation’s climate finance agenda and its commitment to the net-zero carbon target.
TEK, which recently pioneered the world’s first Climate Sukuk featuring carbon credits as a profit payout, views the government’s move as essential to mobilize the vast capital required for Malaysia’s green transition and to establish the country as a global leader in sustainable Islamic finance.