QI launches RM100m sukuk to finance development of university campus

PETALING JAYA: QI group has launched its Sukuk Ijarah Programme worth RM100 million to raise funds for land acquisition and construction of its propos...

From left: BPMB group CEO Roni Abdulwahab, group corporate & investment banking managing director Mohamed Nazri Omar, corporate banking & advisory group head Wee Yee Tat, Kuna, QI group chairman Datuk Seri Vijay Eswaran and QIU chancellor Tun Arifin Zakaria at the signing ceremony.QI group has launched its Sukuk Ijarah Programme worth RM100 million to raise funds for land acquisition and construction of its proposed Quest International University campus in Ipoh, Perak.

According to QI Capital CEO Shekhar Balasubramaniam, the 10-acre campus, which will be located in Gunung Lang, is expected to start construction in the second half of next year and to be completed within three years. Its group managing director Kuna Senathirajah shared that currently it has an enrolment of about 2,000 students and has reached full capacity in Perak.

Kuna said the overall cost for the whole campus, including the land, will be in the range of RM120 million to RM150 million.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

theSundaily /  🏆 25. in MY

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Round @ HappyMansion Tawar Hidangan Neapolitan Piza Di Petaling Jaya [Review]Round HappyMansion adalah sebuah restoran pork-free dan boleh dinikmati oleh golongan Muslim di luar sana kerana mereka hanya menggunakan bahan-bahan halal dalam pembuatan piza mereka.
Read more »

Impact of bad air quality, AMR needs further studyPETALING JAYA: There are correlations between antimicrobial resistance (AMR) and air quality, say experts.
Read more »

Safawi hopes to score and bring pride to the nationPETALING JAYA: China can be deemed a happy hunting ground for Safawi Rasid (pic).
Read more »

Veteran Hong Kong Actress Spotted At PJ Ice Kacang ShopCherie Chung was seen enjoying a bowl of ice kacang over the weekend in Petaling Jaya.
Read more »

CLMT to dispose of 3 Damansara office tower to Lagenda Properties for RM52milPETALING JAYA: Capitaland Malaysia Trust (CLMT) is disposing of its 3 Damansara office tower in Petaling Jaya to Lagenda Properties Bhd for RM52mil.
Read more »

Hartalega shutting Bestari Jaya facility to boost efficienciesPETALING JAYA: Hartalega Holdings Bhd is decommissioning its Bestari Jaya facility to improve operational and cost efficiencies as it continued to fac...
Read more »