"The objective for us is not really fund raising. We couldfund this ourselves. This is to open it up to others," he said,adding approval could come within two months.
Mokhtar said "a lot of charitable organisations, familyoffices and trusts" wanted to participate in the fundraising andthis had helped prompt Khazana into setting up the sukuk ratherthan using its own money.
Khazanah announced in January that during 2014 it posted a7.7 percent increase in the value of its assets, which includestakes in some of Malaysia's largest listed firms, includingmobile services provider Axiata Group and propertyfirm UEM Sunrise.