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FinanceMalaysia's Sime Darby Property launches US$640 million sukuk to fund data centres, logistics assets
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Malaysian property developer Sime Darby Property has launched a US$640 million sukuk (Islamic bond) to finance the construction of data centres and logistics assets. The move marks a strategic diversification beyond the company's traditional property development business, reflecting the growing demand for digital infrastructure financing in Southeast Asia. The sukuk issuance, reported by The Business Times on July 28, 2026, is part of a broader trend where real estate firms are pivoting to capitalize on the booming data centre and logistics sectors driven by cloud computing, e-commerce, and digitalization. The funding will support the group's expansion into high-growth asset classes, aligning with Malaysia's push to become a regional digital hub.
Source report
Group's push beyond its traditional business reflects rising demand for digital infrastructure financing
Published: Tue, Jul 28, 2026 · 02:30 PM
By: Tan Ai Leng
Malaysian property developer Sime Darby Property has launched a US$640 million sukuk to finance its expansion into data centres and logistics assets, marking a strategic shift beyond its core residential and commercial development business.
The move underscores growing demand for Islamic financing instruments in the digital infrastructure sector, as companies seek Shariah-compliant funding for high-growth assets.
This article is sponsored by UOB.
Source
The Business TimesRegional
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Malaysia's Sime Darby Property launches US$640 million sukuk to fund data centres, logistics assets