Publication:
Eyecare sukuk raises MVR26.07 million (US$1.68 million) for Hulhumale' eye center development
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Aishath Muneeza | |
| dc.date.accessioned | 2024-05-24T07:31:25Z | |
| dc.date.available | 2024-05-24T07:31:25Z | |
| dc.date.issued | 2024 | |
| dc.description.abstract | EyeCare's parallel sukuk istisna facility has achieved significant success, raising 86% of its target amount, reaching MVR26.07 million (US$1.68 million). This sukuk facility, priced at MVR1,000 (US$64.4) per unit, aims to support the development of an eye center with a parking facility at Hulhumale'. The issuance, classified as a debt offering, attracted considerable interest from investors, signaling confidence in the project and its potential impact. With a targeted issue size of MVR30 million (US$1.93 million), the sukuk's strong performance underscores investor optimism in EyeCare's vision for enhancing eye care infrastructure. The issuance, characterized by a profit share ratio of 8% and a semi-annual return frequency, has garnered attention for its commitment to both financial sustainability and community development. | en_US |
| dc.identifier.citation | Muneeza, A. (2024). Eyecare sukuk raises MVR26.07 million (US$1.68 million) for Hulhumale' eye center development. Islamic Finance News, 21(17), 12. | en_US |
| dc.identifier.uri | https://ikr.inceif.edu.my/handle/INCEIF/4062 | |
| dc.language | English | |
| dc.language.iso | eng | en_US |
| dc.publisher | Redmoney | en_US |
| dc.rights | 2024. Redmoney | |
| dc.source | SEDONA | |
| dc.subject | Sukuk istisna | en_US |
| dc.subject | Hulhumale' eyecare center | en_US |
| dc.subject | Financial development | en_US |
| dc.title | Eyecare sukuk raises MVR26.07 million (US$1.68 million) for Hulhumale' eye center development | en_US |
| dc.type | Industry Article | en_US |
| dspace.entity.type | Publication | |
| ikr.doctype | Scholarly Works | |
| ikr.topic.maintopic | Sustainability | en_US |
| relation.isAuthorOfPublication | 81014255-5cb8-46bc-ad81-bf6d8a3a0702 | |
| relation.isAuthorOfPublication.latestForDiscovery | 81014255-5cb8-46bc-ad81-bf6d8a3a0702 | |
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