Role of Labuan international financial exchange Inc.

The LFX is 100 % owned by the subordinate of Bursa Malaysia Berhad. It was launched in the twelvemonth of 2000. Is a web based fiscal exchange and offers naming and trading of securities installations for both fiscal and non-financial merchandises, every bit good as Islamic fiscal merchandises.

LFX itself, and its regulations and ordinances are monitored by the Labuan Offshore Securities Industries Act ( LOSIA ) 1998. Their web site is www.lfx.xom.my.

In April 2005, LFX has made a record of 27 listings and capitalisation of market of US $ 11.05 billion, including the debt and equity linked instruments and besides bonds or Sukuks that international and local issuers issued. Table below shows the entire figure of listings and market capitalisation of LFX.

Year

Entire Lists

Market Capitalization ( US $ billion )

2002

10

1.63

2003

13

2.26

2004

25

10.13

2005

27

11.05Total Number of Listings and Market Capitalization of LFX

Benefits of LFX

Acts as a one halt fiscal exchange that offers full services: entry of application for naming blessing, the existent listing, trading and colony of securities

The Rules of LFX are broad for the assortment of many currency securities and instruments

Maintains a customer-focused and orientated environment

All dealing done on LFX are non subjected to any capital control steps of issue levies

The use of multimedia and cyberspace installations will heighten handiness.

Speedy blessing that takes merely about three hebdomads

Does non pull any stamp responsibility and minimum traffics with statutory regulators

Benefit from expertness and and experiences of the Onshore Islamic capital market

List OF SUKUKS ON LFX

No.

Instrument ( Islamic )

Type

Issuer

Listing Class

Listing Date

Value ( US $ )

Listing Sponsor

1.

Consecutive Islamic Lease Sukuk

Debt Securities ( Islamic Notes )

First Global Sukuk Inc.

Primary

25 Jan 2002

100,000,000

Bank Islam ( L )

Limited

Consecutive Islamic Lease Sukuk

Debt Securities ( Islamic Notes )

First Global Sukuk Inc.

Primary

25 Jan 2002 ( withdrawn due to adulthood of notes on 24 December 2004 )

50,000,000

Bank Islam ( L )

Limited

2.

Sukuk Al-Ijarah Trust Certificates

Debt Securities ( Islamic Notes )

Malaysia Global Sukuk Inc.

Seconda-ry

18 Sept 2002

600,000,000

AmInternatio-nal

( L ) Limited

3.

Sukuk Trust Certificate due 2010

Debt Securities ( Islamic Notes )

Qatar Global Sukuk QSC

Seconda-ry

28 Jan 2004

700,000,000

CIMB

( L ) Limited

4.

Sukuk Trust Certificate due 2009

Debt Securities ( Islamic Notes )

BMA International Sukuk Company ( SPC )

Seconda-ry

28 July 2004

250,000,000

Bank Islam

( L )

Limited

5.

Sukuk Trust Certificate due 2009

Debt Securities ( Islamic Notes )

Sarawak Corporate Sukuk Inc.

Primary

3 Jan 2005

350,000,000

AmInternatio-nal

( L ) Limited

US $ 600 million Sukuk Al-Ijarah Trust Certificates by Malaysia Global Sukuk Inc

Malaysia Global Sukuk Inc. was corporated in Labuan under the Offshort Companies Act, 1990, 3 June 2002. The issuer & A ; acirc ; ˆ™s portion capital is US $ 12,000, where there are two ordinary portions are owned by Ministry of Finance Inc. ,

The intent of making the dealing is to enable the Malaysia Government to raise its funding following the Shariah rules. All duties of payments were raised under the dealing paperss rank & A ; acirc ; ˆ?pari passu & A ; acirc ; ˆA? .

US $ 700 million Sukuk Trust Certificate by Qatar Global Sukuk QSC

The dealing involves QGS issue rated trust certifications ( Sukuk ) . The returns will be used for the general support intents by the Government of the State of Qatar. This is to let the Government to raise the Shariah conformity financess.

QGS will buy a package of land ( exclusing all edifices and all other fixtures ) from the State of Qatar and it will be leasedby QGS to the Government of the State of Qatar 7-year period.

QGS will keep these assets in trust for the holders of trust certifications. The rental payment of the rental will fit the periodic distribution payments collectible on the trust certifications. It is calculated based on 6-month U.S. Dollar LIBOR plus a border.

US $ 250 million Sukuk Trust Certificates by BMA International Sukuk Company

The Kingdom of Bahrain will rent by a term of 100 old ages, a certain package of land to the issuer, following the Al-Ijarah Head Lease Agreement.

The Kingdom of Bahrain will rent by manner of sub-lease from the issuer on the footings made by the AL-Ijarah Sub-Lease Agreement for 5-years The sub-lease is capable to earlier expiration.

US $ 350 million Sukuk Trust Certificates by Sarawak Corporate Sukuk Inc. ( SCSI )

Sarawak Economic Development Corporation ( SEDC ) has raised its funding to US $ 350 million by publishing a series of trust harmonizing to the rule of Sukuk Al-IjarahSCSI was incorporated on 23 November 2004 under the Offshort Companies Act ( OCA ) , as a particular purpose company.

The certifications have the adulthood of 5 old ages and under the proposed construction, the issuer will utilize the returns to buy assets from 1st Silicon ( Malaysia ) Sdn. Bhd.

July 14, 2017