Malaysia Islamic Treasury Bills (MITB)

Features

• MITB are issued by BNM on behalf of the Government to raise short-term funds for the financing of Government expenditure;
• The instruments are issued using Islamic principles which are deemed acceptable to Shariah requirement;
• MITB are issued and traded based on a discounted basis;
• The tenors issued are between 21 days to 1 year;
• Zero credit risk is assigned as it is issued by Bank Negara Malaysia.