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Shariah investing jumps above 20% AUM market share across Southeast Asia
Shariah mutual fund assets under management in Southeast Asia recorded a compound annual growth rate of 12.4% from 2016 to 2020 to reach a market share of over 20% of the region's total mutual fund AUM, according to Cerulli's May 2021 Asian Monthly Product Trends report.
31 May 2021
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Funding Needs and Upcoming Maturities to Drive Sukuk Issuance
Sovereign sukuk issuance momentum is likely to be driven by the need to diversify funding and meet upcoming maturities, along with intact investor appetite, Fitch Ratings says in a new report. Although less pandemic-related support, economic recovery and higher oil prices could result in lower financing needs for sovereigns, we expect one-off or infrequent issuance to support 2021 volumes.
30 Apr 2021
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Malaysia sells $800 mln sustainability sukuk with public transportation vouchers as underlying assets
The Malaysian government has issued its first-ever U.S. dollar sustainability sukuk, with its underlying assets being vouchers representing travel entitlement on the public train transportation system.
23 Apr 2021
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Sukuk Issuance Drive to be Sustained in 2021 Despite Challenges
Sukuk issuance momentum is expected to continue for the rest of the year, supported by intact investor appetite for sukuk and as issuers seek to diversify funding and to meet upcoming maturities, Fitch Ratings says. Although higher oil prices, less pandemic-related support, and the economic recovery could result in lower sovereign funding needs, one-off or infrequent sukuk issuance is expected to support 2021 volumes. The sukuk market is also affected by emerging market and global trends, including the impact of rising US treasury yields on fixed-income markets.
22 Apr 2021
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Rating Action: Moody's assigns A3 rating to Malaysia's international sovereign sukuks
Moody's Investors Service ("Moody's") has today assigned a senior unsecured rating of A3 to the proposed US dollar-denominated trust certificates ("sukuks") with maturities of 10 and 30 years to be issued by Malaysia Wakala Sukuk Berhad ("the issuer"), a special purpose vehicle (SPV) established by the Government of Malaysia.
20 Apr 2021
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