profile search
Malaysia’s local currency Sukuk market outperforms expectations

As at the end of June 2019, the issuance value of the Malaysian Sukuk market had exceeded RAM Ratings’s projection of RM100–120 billion (US$24.28–29.13 billion) for the entire year. The 38.3% year-on-year (y-o-y) growth to RM136.9 billion (US$33.23 billion) (end of June 2018: RM99 billion (US$24.03 billion)) was primarily driven by a 61.1% spike in Bank Negara Malaysia (BNM)’s Islamic issues to RM14.5 billion (US$3.52 billion) in the fi rst half of 2019 (H1 2019), followed by the corporate sector (including quasi-government)’s RM65.1 billion (US$15.8 billion) (+55.5%) and government issues (+9.9% to RM39 billion (US$9.47 billion)).

This article was first published in Islamic Finance news Volume 16 Issue 30 dated the 31st July 2019

Click here to download full article