When healthcare organisations talk about growth, the conversation often centres on clinics, capacity, services, and patient experience. Less visible – but just as critical – is the foundation that enables sustainable growth: disciplined financial planning and access to long-term funding.
In that context, Qualitas Sukuk Berhad, the special purpose vehicle (SPV) of the Qualitas Medical Group, was recognised with the RAM Blueprint Awards 2025 at the 23rd RAM League Awards, held on 11 February 2026. The award acknowledges the successful RAM-rated issuance of Qualitas Sukuk Berhad’s maiden Senior Islamic Medium-Term Notes Programme and Subordinated Perpetual Islamic Notes Programme, which received initial ratings of AA3(s)/Stable and A2(s)/Stable, respectively.
Commenting on the recognition, Dato’ Dr Noorul Ameen, Executive Chairman of Qualitas, said: “We are truly honoured to receive the RAM Blueprint Award. This recognition is especially meaningful because Qualitas is the first primary healthcare company in Malaysia to successfully raise a sukuk instrument, reflecting the confidence placed in the fundamentals of our Group and the discipline behind how we plan for the long term.”
He added: “As a healthcare group, our responsibility is to build responsibly and sustainably. This award reinforces our commitment to strengthening the financial foundations that enable us to invest in better access, better care, and better experiences for the communities we serve.”
Why this recognition matters
Malaysia’s sukuk market is widely regarded as one of the most established globally. Participation brings both opportunity and scrutiny. For a primary healthcare group, entering the market successfully is not simply about raising capital – it is also about demonstrating institutional maturity.
The RAM Blueprint Awards recognise new Malaysian Ringgit bond and sukuk issuers that have successfully participated in the market. In practical terms, it signals that the issuer has met the expectations required for structured, rated issuance and has engaged credibly with market stakeholders.
Beyond a transaction: A platform for sustainable growth
Qualitas Health is an integrated healthcare group with roots in Malaysia, established in 1997 with a founding focus on accessible, trusted primary care. Over the years, the Group has expanded its network and capabilities to support a more coordinated healthcare ecosystem, building services that respond to patient needs across key points of care.
Today, its core offerings in Malaysia include general practice (GP) services, dental care, ophthalmology, specialist outpatient care, medical imaging, and allied health services – supported by a network approach that prioritises consistency, service quality, and patient-centred experiences. The Group’s development reflects a long-term commitment to strengthening healthcare delivery, not only through scale, but through reliable standards and coordinated care.
In Singapore, Qualitas has served the local and expatriate communities since 2009, providing primary care and dental services through an established clinic network presence that support access. In Australia, Qualitas has served local communities since 2010 through its network of general practices in New South Wales, Queensland, and Victoria, as well as its medical imaging network in Sydney. Across its markets, Qualitas remains focused on building trust through consistent clinical standards, dependable service delivery, and continuous improvement in how care is accessed and experienced.
This emphasis on care quality and operational readiness is also why financial capability is strategic for the Group. Sustainable healthcare delivery requires both strong clinical practice and strong institutional foundations.
Looking ahead: Building readiness for the next phase
As the healthcare landscape evolves, expectations of providers continue to rise. Patients expect convenience and clarity. Employers and payers expect accountability and outcomes. Healthcare groups must invest in capacity and capability while maintaining resilience.
In that environment, long-term funding readiness becomes a strategic advantage. The recognition of Qualitas Sukuk Berhad through the RAM Blueprint Awards forms part of a broader story: Qualitas is strengthening the financial and organisational foundations needed to support its long-term direction. It is a milestone that reflects not only achievement, but intent – an intent to stay disciplined, invest responsibly, and keep strengthening the Group’s ability to deliver trusted healthcare.
