Malaysia maintains leadership as global sukuk issuance falls
the awards has been recognised and honoured the best innovations and innovators since 1987. KUALA LUMPUR: Global sukuk issuance reached US$22.2 billion (RM96.13 billion) as at endMarch, a marginal decrease from US$24.1 billion in the same period last year, with Malaysia maintaining its leadership with 38.5 per cent of the total issuance, said RAM Ratings.
In a statement, RAM Ratings said Indonesia was next (24.7 per cent), followed by Qatar (9.9 per cent) and the United Arab Emirates (nine per cent).
It said outstanding global sukuk summed up to US$346.7 billion as at end-March, with Malaysia maintaining its leadership by commanding 48 per cent.
RAM Ratings said during the first quarter, sovereign issuance boosted the global sukuk market, with the bulk of the sovereign issuance stemming Indonesia (43.4 per cent), Qatar (17.6 per
It is named after Thomas Alva Edison, the famous American inventor whose extraordinary new product development methods cent), Malaysia (15.4 per cent) and Hong Kong (eight per cent).
Head of Islamic Finance Ruslena Ramli said Bahrain and Qatar remained committed to continuously tapping the sukuk market.
“With the return of Saudi Arabia and the issuance of its US$9 billion sukuk on April 13, we envisage other Gulf Cooperation Council nations would also consider to include sukuk issuance as a debt management strategy,” she added.
On the domestic front, outstanding Malaysian sukuk expanded 11.5 per cent year-onyear to RM691.4 billion as at endMarch, from RM620.1 billion in the same period last year.
It said RM18.3 billion in domestic sukuk was issued in March, bringing year-to-date issuance value to RM37.6 billion in the first quarter. Bernama garnered 1,093 United States patents and made him one of the most influential inventors of all time.