Malaysia continues to dominate sukuk issuance market in 2021, says Moody's

Emerging Market (EM) sukuk issuances rose by nearly 8% to around US$160 billion (US$1=RM4.19) in 2021 from US$149 billion in 2020, supported by increasing activity in the sovereign and corporate space, according to Moody’s Investors Service.

In its Quarterly EM Issuance Monitor — Fourth Quarter (Q4) 2021 research publication, Moody’s said Malaysia and Saudi Arabia continued to dominate the sukuk issuance market with 37% and 29% of total issuances respectively.