KUALA LUMPUR (March 19): Pengurusan Aset Air Bhd (PAAB) has established Malaysia’s first sustainable Islamic finance framework that incorporates blue finance elements, with Maybank Investment Bank Bhd (Maybank IB) serving as the sole sustainability structuring adviser. In a joint statement on Thursday, PAAB and Maybank IB said the framework marks a significant milestone as the first in Malaysia to incorporate blue finance elements within an Islamic finance structure. The statement said RAM Sustainability has independently reviewed the framework and accorded it a “platinum” sustainable finance rating under its second-party opinion (SPO), confirming alignment with relevant local, regional, and international sustainable finance standards. He said the collaboration builds on RM176.12 billion in sustainable finance mobilised between 2021 and 2025. “With the blue economy emerging as a national priority, we are honoured to partner with PAAB in structuring Malaysia’s first Sustainable Islamic Finance Framework with integrated blue finance features.

Source: The Edge Markets March 19, 2026 07:43 UTC