Malaysia tops in global sukuk issuances in 2020, most linked to SRIs 10 Mar 2021 / 09:31 H.
KUALA LUMPUR: Malaysia took the lead as the largest sukuk market globally in 2020, with most of the issuances tied to the principles of Sustainable and Responsible Investments (SRIs), Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (
pix) said.
Citing a report by the Malaysia International Islamic Finance Centre (MIFC), he said Malaysia accounted for more than 45% of the world’s outstanding amount or approximately US$258 billion.
“The country has seen more sukuk issuances that are tied to the principles of Sustainable and Responsible Investments.
“From funding renewable energy infrastructures such as solar and hydro, to supporting social purposes, such as micro financing and education, Malaysian sukuk issuers have acquired an appetite for such ventures, reflecting an increasingly strong commitment towards a sustainable future through Islamic financing products,” he said i
“From funding renewable energy infrastructures such as solar and hydro, to supporting social purposes, such as micro financing and education, Malaysian sukuk issuers have acquired an appetite for such ventures, reflecting an increasingly strong commitment towards a sustainable future through Islamic financing products, ” Tengku Zafrul said in special address at the 16th Kuala Lumpur Islamic Finance Forum (KLIFF) held virtually yesterday.
KUALA LUMPUR: Malaysia took the lead as the largest sukuk market globally in 2020, with most of the issuances tied to the principles of Sustainable and Responsible Investments (SRIs), Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said.
Citing a report by the Malaysia International Islamic Finance Centre (MIFC), he said Malaysia accounted for more than 45% of the world’s outstanding amount or approximately US$258bil.
KUALA LUMPUR, March 9 Malaysia took the lead as the largest Sukuk market globally in 2020, with most of the issuances tied to the principles of Sustainable and Responsible Investments (SRIs), Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said. Citing a report by the Malaysia.
NIFAN elects JAIZ Bank MD, Hassan Usman, pioneer president
Mr Usman was inaugurated alongside other six EXCO members to steer the affairs of the umbrella body of all corporate organisations offering non-interest financial and related services.
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The Non-Interest Financial Institutions Association of Nigeria (NIFIAN), on Friday in Abuja elected the Managing Director of
Mr Usman was inaugurated alongside other six EXCO members to steer the affairs of the umbrella body of all corporate organisations offering non-interest financial and related services in the country for a first term of 2 years.
Those elected include Hajara Adeola, Managing Director/CEO, Lotus Capital Limited as Vice-President; Norfadelizan Abdulrahman, Managing Director/CEO of TAJBank Limited as Treasurer; and Fatai Ola Bakare, of SunTrust Bank Nigeria Limited as the Secretary-General.