KUALA LUMPUR (March 7): Global Vision Logistics (GVL) has announced the establishment of a maiden RM1.5 billion Asean green sustainable and responsible investment (SRI) sukuk programme, to fund the development of the Shah Alam International Logistics Hub (SAILH). The sukuk programme was established under the shariah principle of murabahah (via a tawarruq arrangement), and based on the Securities Commission Malaysia’s SRI sukuk framework and the Asean capital markets forum’s Asean green bond standards.