Performance of Global Sukuk Market in 2022
Outstanding global sukuk as at end 2022 maintained double digit growth (+11.2%) to USD751.6 billion, despite lower issuances during the year amid global tightening of monetary policy. Overall, the global sukuk issuance in 2022 was led by sovereign and quasi-sovereign issuers (60.4%). Malaysia continues to spearhead the international sukuk market, commanding 40.3% market share of global sukuk outstanding and 43.3% share of global sukuk issued in 2022. Majority of global corporate sukuk (69.6% of total corporate sukuk issued) were also issued in Malaysia.
07 Mar 2023
Islamic Finance Development Report 2022: Embracing Change
According to the Islamic Finance Development Indicator (IFDI), the Islamic finance industry reached almost US$4.0 trillion in total assets in 2021 on a growth of 17% from 2020. The total global net income reported by Islamic financial institutions in 2021 also increased three times from 2020, signalling improved outcomes, especially for Islamic banks.
16 Dec 2022
Value-Based Intermediation for Takaful (VBIT) Roadmap
The Malaysian Takaful Association (MTA) has launched the Value-based Intermediation for Takaful (VBIT) Roadmap 2022 outlining the the desired outcomes, recommended initiatives that can be implemented, key performance indicators and providing a detailed timeline on the implementation.
09 Nov 2022
VBI Initiative: 2021 progress and key milestones
Five years after the introduction of Value-based Intermediation (VBI) in July 2017, Malaysian VBI community has made significant progress and steady growth. In 2021, the community has achieved the following progress, premised on four key themes.
05 Sep 2022
FSBP2022-2026 unveils MIFC future vision and aspiration
The Financial Sector Blueprint 2022 – 2026 sets out BNM's development priorities for the financial sector over the next five years. One of the thrusts includes“Advance value-based finance through Islamic finance leadership”with key area of sharpening Malaysia’s proposition as an international gateway for Islamic finance, among others.
11 Mar 2022
The RAIF Impact Challenge Prize
A new biennial award introduced in conjunction with The Royal Award for Islamic Finance 2022 to expand support for impactful initiatives via Islamic finance. Themed ‘Advancing the Sustainability Agenda’, this inaugural award seeks to acknowledge the most outstanding initiatives that strengthen the economic and social resilience of financially impacted communities around the world through Islamic finance.
07 Jan 2022
VBI for Takaful (VBIT) Framework
The framework acts as a guideline for Takaful Operators (TOs) in their implementation of Value-based Intermediation for Takaful (VBIT) by outlining the best conduct and practices in the industry. The framework is relevant to Family Takaful, General Takaful and Retakaful Operators.
09 Aug 2021
VBIAF Sectoral Guides: Palm Oil, Renewable Energy and Energy Efficiency
The first cohort of Value-based Intermediation Financing and Investment Impact Assessment Framework (VBIAF) Sectoral Guides has been developed with the industry via the VBI Community of Practitioners (CoP), focusing on palm oil, renewable energy and energy efficiency.
04 Jun 2021
Islamic finance in Malaysia
The infographic on Islamic finance in Malaysia encapsulates the following summary: 1. A snapshot of Islamic banking, takaful and Islamic capital market in Malaysia; 2. Malaysia's diverse set of players; and 3. Key milestones/innovation in Islamic financef focus
02 Mar 2021
Factsheet on 2020 global sukuk market
The global sukuk market in 2020 registered USD174.2 billion total issuance (2019: USD157.8 billion), while the global outstanding sukuk as at end 2020 stood at USD572.6 billion (+16.5% from 2019). Sovereign, quasi sovereign and supranational issuance contributed 62.1% share out of total global issuance.
10 Feb 2021