Kuala lumpur: Tek Securities (Labuan) Ltd. (TEK) today announced the launch of the world's first Climate Sukuk that features carbon credits as a profit payout, a groundbreaking financial instrument structured to support global climate initiatives. The launch was formalized through an engagement letter with Unity Group Holdings International Limited (UNITY), a leading player in the climate and environmental sector. The historic event was witnessed by Mr. Affendi Rasdi, Director General of the Labuan Financial Services Authority (LFSA).

According to BERNAMA News Agency, this innovative Sukuk, a Sharia-compliant bond, redefines sustainable finance by directly linking investor returns to tangible environmental outcomes. Unlike traditional Sukuk that offer cash dividends, this new structure provides investors with a share of carbon credits generated from verified climate projects. These credits, representing one tonne of carbon dioxide equivalent removed or avoided, offer a dual benefit: a financial return and a direct contribution to global decarbonization efforts.