KUALA LUMPUR, Oct. 28 -- Malaysia has marked another milestone in Islamic finance with the launch of the world's first 200 million yuan (RM118 million) Climate Sukuk, integrating Shariah principles with green finance, digital tokenisation and carbon credit monetisation.

The sukuk, jointly issued by Hong Kong-listed Unity Group Holdings International Ltd and Tek Securities Ltd under the Labuan IBFC framework, was announced at the Global Islamic Finance Forum (GIFF) 2025. It aims to strengthen Labuan's role as a global hub for digital Islamic finance.

Backed by 40,400 tonnes of verified carbon credits from the Selangor government's Energy Efficiency Initiative, the issuance will fund green infrastructure and low-carbon projects led by Syn...