“Our efforts are to position Malaysia as an international Islamic financial centre”
Dr Zeti Akhtar Aziz
Governor of the Central Bank of Malaysia

 

“It is a well-known fact that in Malaysia, Islamic banking, Takaful and capital market products are beginning to be accepted as viable, competitive alternatives to conventional products”
Dr Nik Ramlah Nik Mahmood
Director, Market Policy & Development Division, Securities Commission

 

"Going forward, Malaysia will continue to harness its position to become a premier international Islamic financial centre. With the supporting  infrastructure and regulatory framework already in place,  Malaysia is well placed to achieve this objective"
Tan Sri Nor Mohamed Yakcop  Minister of Finance II

 

 
Sponsors


MAKING ITS MARK LOCALLY AND GLOBALLY

Malaysian Rating Corporation Berhad (MARC) is one of the two domestic credit rating agencies in the country. Backed by a team of experienced rating analysts, MARC provides independent credit opinions and analysis of the financial strength of issuers, banks, insurance companies and ratings of corporate debt issues. These include ratings of Islamic capital market instruments and structured finance ratings.

Since it started operations in 1996, MARC has made significant inroads into the Malaysian corporate bond market, especially in the rating of Islamic debt securities. It is the first rating agency to introduce a specific set of rating symbols and definitions for the rating of Islamic capital market instruments. It also has its own Syariah Advisory Panel to advise on Islamic rating products and rating definitions.

The company has been consistent in promoting and developing the Islamic capital market. In 2005, MARC rated the world's first asset backed issue based on musyarakah principles. In the same year, one of MARC rated Islamic issues won Euromoney's Prestigious Islamic Finance Deal of the Year Award and Finance Asia's inaugural Best Islamic Finance Deal 2005. Another significant milestone was the rating by MARC International Limited, a wholly owned subsidiary in Labuan, of the US$395 million Serial Islamic Lease Sukuk Issuance by First Global Sukuk Inc in 2001. This was the first rating of its kind internationally and the first global issue of an Islamic capital market instrument listed by the Labuan International Finance Exchange.

MARC is a public limited company with a paid-up capital of RM 20 million. Its shareholders comprise the major insurance companies, stockbrokers and discount houses in Malaysia.

For more information, please contact Mr Mohd Asri Awang, Chief Executive Officer at asri@marc.com.my or Ms Kiran Jeyabalan, Senior Vice President, Business Development at kiran@marc.com.my or visit MARC's website at www.marc.com.my.

Malaysian Rating Corporation Berhad (364803V)
5th Floor, Bangunan Malaysian Re, 17 Lorong Dungun,
Damansara Heights, 50490 Kuala Lumpur,
MALAYSIA

Tel : + 603 2092 5398
Fax : + 603 2094 9397 (Rating)
+ 603 2093 9308 (General)

 

CALL NOW: +60 3 2143 8100
  All rights reserved. No part of this publication may be reproduced, duplicated or copied by any means without the prior consent of the holder of the copyright, requests for which should be addressed to the publisher. While every care is taken in the preparation of this publication, no responsibility can be accepted for any errors, however caused.