How long does it take to get approval for a sukuk application?
Application for issuance with AAA local rating or BBB international rating will be deemed approved upon submission to the SC. Otherwise, the normal approval process by the SC will take not more than 14 working days from the date of the full submission. For application to issue foreign currency sukuk or issuance by a foreign institution, an approval from the Controller of Foreign Exchange, Bank Negara Malaysia must also be obtained.
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