GII is issued by the government of Malaysia to finance the country's development programme;

It is a Domestic Ringgit Islamic Bond structured on the concept of Bai Al-Inah and can be traded in the secondary market;

Bai Al-Inah is defined as two transactions entered between two parties whereby one party (the government) undertake to sell an asset on cash basis, normally at a discount, and subsequently will buy back the asset at a higher price, normally at par on credit base. Through this sale and purchase transaction, a debt has been created. This debt is then securitized through the issuance of GII;

The Government of Malaysia with the advice by Bank Negara Malaysia, issued first Profit-Based GII 5 -year tenure of RM2 billion on 16 March 2005. It is coupon bearing paper which the Government pay half yearly profit to the investors;

The minimum tenor is between 3 years to 10 years;

GII is assigned with no credit risk as it is issued by the government.