, Malaysia

Malaysia is runaway global leader in sukuk

Malaysia accounted for 68 percent of the total global sukuk outstanding and 71 percent market share of the sukuk issued as at end-July.

This makes the country the runaway leader in the global sukuk market.

Bursa Malaysia remained the top sukuk listing destination, with 19 listed totalling RM99.6 billion or US$31.7 billion as at end-July, according to the 2012/2013 Economic Report released by the Finance Ministry.

The number of Malaysia's full-fledged Islamic fund management companies is at 18 by end-July, making it also one of the global leaders in the Islamic finance management industry.

The net asset value of Islamic unit trust funds at end-July stood at RM33 billion, up from RM28 billion at end 2011. Its Islamic wholesale funds is at at RM14 billion, doubling the RM7 billion it registered at the end of 2011.

It said at end-July, 825 Syariah-compliant securities were listed on Bursa Malaysia, representing 89 per cent of the total listed securities with a market capitalisation of RM931 billion.

The Takaful industry assets have increased to RM18.3 billion at end-July against RM16.9 billion last year.

It accounted for nine per cent of the total insurance and takaful assets as compared with 8.6 per cent in the January to July period.

 


https://www.theborneopost.com/2012/09/28/malaysia-still-global-runaway-sukuk-leader/
 

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