PAAB and Maybank Launch Malaysia's First Sustainable Islamic Finance Framework with Blue Finance Elements

Pengurusan Aset Air Bhd (PAAB) has established Malaysia's first sustainable Islamic finance framework incorporating blue finance elements. Maybank Investment Bank Bhd serves as the sole sustainability structuring adviser. This framework enables PAAB to issue blue instruments like Blue Sukuk in compliance with international guidelines. RAM Sustainability has awarded the framework a 'platinum' rating, highlighting its robust governance. The initiative aims to enhance Malaysia's water sector efficiency and sustainability while supporting the UN Sustainable Development Goals.

Published Mar 20, 2026

Pengurusan Aset Air Bhd (PAAB) has launched Malaysia's first sustainable Islamic finance framework that integrates blue finance elements, with Maybank Investment Bank Bhd as the sole sustainability structuring adviser. The framework enables PAAB to issue blue instruments such as Blue Sukuk, adhering to guidelines set by the International Finance Corporation.

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RAM Sustainability has awarded the framework a 'platinum' sustainable finance rating, confirming its alignment with various standards. PAAB's initiative aims to improve Malaysia's water sector's resilience and sustainability, contributing to the UN Sustainable Development Goals. Maybank plans to mobilize RM300 billion in sustainable finance by 2030, building on previous financing efforts.