Malaysia remains largest sukuk issuer in the world

PETALING JAYA: Malaysia retained its leadership as the world’s largest sukuk issuer in 2017, accounting for US$36.5 billion (RM142.7 billion) of global sukuk issuance.

It was followed by Saudi Arabia (US$31.7 billion), Indonesia (US$6.9 billion) and Qatar (US$5.6 billion), RAM Rating Services Bhd said in a statement yesterday.

The volume of global sukuk issuance last year exceeded RAM Ratings’ projection of US$85 billion-US$90 billion, having swelled 33.6% year-on-year to US$97.3 billion (2016: US$72.9 billion).

In 2016, Malaysia also topped the global sukuk arena with US$29.9 billion of total global issuance. – Bernama