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Thursday, 27 August 2026
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A hyperscale data centre funded by Islamic bonds: Sime Darby Property opens a $640M green sukuk

The MYR 2.6 billion programme funds a hyperscale data centre in Elmina Business Park, due end-2027 and pre-let for 20 years to a multinational technology tenant, plus build-to-suit warehouses.

Positive-sum angle: Sukuk investors gain a shariah-compliant route into compute infrastructure, and Malaysian developers get a template for funding megawatt-scale assets without waiting on foreign project finance.

Source — TNGlobal