Islamic Commercial Papers (ICPs)


  • ICPs are rated an Islamic short term financing paper issued by corporate bodies;
  • The tenor of an ICP ranges from 1 month to 1 year;
  • Price varies depending on credit worthiness of issuers;
  • Primary issues are on tender basis and ICP are traded in the interbank market;
  • ICPs rating is based on classification by rating agencies example P1, P2, P3 and NP by Rating Agency of Malaysia (RAM) or MARC 1, MARC 2, MARC 3 and MARC 4 by Malaysia Rating Corporation Berhad (MARC).

You might also be interested in

Islamic Capital Markets
Corporate Advisory Services
Chat with us on
AUSTRALIAN DOLLARAUD3.2260003.0720003.056000
BRUNEI DOLLARBND3.6610003.5010003.490000
CANADIAN DOLLARCAD3.6100003.4830003.466000
SWISS FRANCCHF5.5580005.3190005.301000
EURO EUR5.3470005.0530005.031000
STERLING POUNDGBP6.2120005.9590005.950000
NEW ZEALAND DOLLARNZD3.1160002.8930002.878000
SINGAPORE DOLLARSGD3.6610003.5150003.514000
UNITED STATES DOLLARUSD4.9200004.6670004.650000

2024-02-23 08:37:52