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.
Sultan of Perak, Sultan Nazrin Shah said: There was strong momentum in key sukuk markets, especially during the first nine months of 2020.
KUALA LUMPUR: The Islamic capital market has proved resilient during the Covid-19 pandemic and created an enormous impact on economies around the world, with global sukuk issuances growing in 2020, said Sultan of Perak, Sultan Nazrin Shah.
He said a total of US$172.1bil (RM707.64bil) sukuk was issued last year, an increase of 1.8% from 2019.
“There was strong momentum in key sukuk markets, especially during the first nine months of 2020. These issuances helped to finance the sweeping stimulus packages introduced to alleviate the economic impact of the pandemic.
Sultan of Perak, Sultan Nazrin Shah said: There was strong momentum in key sukuk markets, especially during the first nine months of 2020. KUALA LUMPUR: The Islamic capital market has proved resilient during the COVID-19 pandemic and created an enormous impact on economies around the world, with global sukuk issuances growing in 2020, said Sultan of Perak, Sultan Nazrin Shah.
He said a total of US$172.1 billion sukuk was issued last year, an increase of 1.8 per cent from 2019. There was strong momentum in key sukuk markets, especially during the first nine months of 2020. These issuances helped to finance the sweeping stimulus packages introduced to alleviate the economic impact of the pandemic.
KUALA LUMPUR (March 9): Higher digitalisation and financial technology (fintech) collaborations can help strengthen the Islamic finance industry’s resilience and open new avenues for growth, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar.
He said technology is also being increasingly used towards enhancing financial literacy, which has a positive relationship with financial inclusion.
Increasing financial literacy could certainly increase participation in the Islamic financial system and the adoption of Islamic financial products and services, he said.
“Despite the challenging environment that affected the Islamic finance industry’s growth in 2020, Covid-19 offers an opportunity to accelerate and unlock its long-term potential.