KUALA LUMPUR, June 27 (Bernama) — CIMB Islamic Bank Berhad (“CIMB Islamic” or “the Bank”) announced today that it has onboarded MTT Shipping Sdn. Bhd. (“MTT Shipping”) to its Sustainability-Linked Treasury Programme (“the Programme”), with MTT Shipping setting a new milestone as the first client to utilise the Bank’s Programme with Shariah-compliant hedging instruments. MTT Shipping is one of the leading local carriers in Malaysia, providing container shipping services which covers routes from Peninsular Malaysia to East Malaysia as well as regional ports in Singapore, Thailand, Brunei, Indonesia and India.
A signing ceremony was held in conjunction with the announcement, with Dato’ Seri Kenny Ong, Group Executive Chairman of MTT Shipping and Jefferi Hashim, Head, ESG Advisory and Solutions, Group Wholesale Banking of CIMB Group representing the respective organisations.